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eBook Show Me How Account Balances a . During February, $ 8 0 , 4 6 0 was paid to creditors on account, and purchases

eBook
Show Me How
Account Balances
a. During February, $80,460 was paid to creditors on account, and purchases on account were $102,990. Assuming that the February 28 balance of Accounts Payable was $34,600, determine the account balance on February 1. $
b. On October 1, the accounts receivable account balance was $38,800. During October, $337,600 was collected from customers on account. Assuming that the October 31 balance was $44,600, determine the fees billed to customers on account during October.
C. On April 1, the cash account balance was $13,260. During April, cash receipts totaled $201,550 and the April 30 balance was $9,550. Determine the cash payments made during April.
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