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Elementary acounting Consider the changes in the accounts payabie, accounts receivable, and canh accounts. Use T accounts to find the missing values. This information has
Elementary acounting
Consider the changes in the accounts payabie, accounts receivable, and canh accounts. Use T accounts to find the missing values. This information has been collected in the Microsoft Excet Ontine file, Open the spresdsheet, perform the required ant ysis, and input your answers in the questions below. Open spreadsheet. a. Ouring February, $188,000 was paid to creditors on account, and purchases on acceunt were $197,700. Assuming the february 28 balance of Accounts Payable was s60,700, determibe the account balance on February 1. 1 x b. On October 1, the accounts receivable account balunce was $114,400. During Octobec, $442,300 was collected from customers on account. Assuming the October 31 balance was $130,290, determine the fees bilied to customers on acceunt during Detober. 1 x c. On Aprt 1, the cash acceunt balance was \$44,070. During April, cash receipts totaled \$242,400 and the April 30 balance was 553,1b0. Deternine the Cash paryments made during Aard. x Step by Step Solution
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