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eBook Show Me How Calculator Account Balances a. During February, $76,650 was paid to creditors on account, and purchases on account were $98,110. Assuming the
eBook Show Me How Calculator Account Balances a. During February, $76,650 was paid to creditors on account, and purchases on account were $98,110. Assuming the February 28 balance of Accounts Payable was $32,960, determine the account balance on February 1. b. On October 1, the accounts receivable account balance was $37,200. During October, $323,600 was collected from customers on account. Assuming the October 31 balance was $42,800, determine the fees billed to customers on account during October c. On April 1, the cash account balance was $13,680. During April, cash receipts totaled $207,940 and the April 30 balance was $9,850. Determine the cash payments made during April. Check My Work Previous Next
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