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During February, $87,730 was paid to creditors on account, and purchases on account were $112,290. Assuming the February 28 balance of Accounts Payable was $37,720,
During February, $87,730 was paid to creditors on account, and purchases on account were $112,290. Assuming the February 28 balance of Accounts Payable was $37,720, determine the account balance on February 1. $fill in the blank 1 b. On October 1, the accounts receivable account balance was $37,900. During October, $329,700 was collected from customers on account. Assuming the October 31 balance was $43,600, determine the fees billed to customers on account during October. $fill in the blank 2
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