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ebook Account Balances a. During February, $90,210 was paid to creditors on account, and purchases on account were $115,470. Assuming that the February 28 balance
ebook Account Balances a. During February, $90,210 was paid to creditors on account, and purchases on account were $115,470. Assuming that the February 28 balance of Accounts Payable was $38,790, determine the account balance on February 1. 13,530 b. On October 1, the accounts receivable account balance was $31,000. During October, $269,700 was collected from customers on account. Assuming that the October 31 balance was $35,700, determine the fees billed to customers on account during October c. On April 1, the cash account balance was $17,270. During April, cash receipts totaled $262,500 and the April 30 balance was $12,430. Determine the cash payments made during April. 4,840
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