Reference no: EM132365850

Question

account balance:

a. During February,$77,170 was paid to creditors on account, and purchases on account were $98,780. Assuming the February 28 balance of Accounts Payable was $33,180, determine the account balance on February 1.

b. On October 1, the accounts receivable account balance was $46,900. During October, $408,000 was collected from customers on account. Assuming the October 31 balance was $53,900, determine the fees billed to customers on account during October.

c. On April 1, the cash account balance was $23,020. During April, cash receipts totaled $349,900 and the April 30 balance was $16,570. Determine the cash payments made during April.