a. During February, $190,500 was paid to creditors on account, and purchases on account were...
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Accounting
a. During February, $190,500 was paid to creditors on account, and purchases on account were $198,900. Assuming the February 28 balance of Accounts Payable was $57,400, determine the account balance on February 1. b. On October 1 , the accounts receivable account balance was $112,600. During October, $451,000 was collected from customers on account. Assuming the October 31 balance was $123,650, determine the fees billed to customers on account during October. c. On April 1, the cash account balance was $42,720. During April, cash receipts totaled $246,800 and the April 30 balance was $51,390. Determine the cash payments made during April
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