Account Balancesa.  During February, $85,860 was paid to creditors on account, and purchases on account were $109,900. Assuming that the February 28 balance of Accounts Payable was $36,920, determine the account balance on February 1.$b.  On October 1, the accounts receivable account balance was $40,300. During October, $350,600 was collected from customers on account. Assuming that the October 31 balance was $46,300, determine the fees billed to customers on account during October.$c.  On April 1, the cash account balance was $18,690. During April, cash receipts totaled $284,090 and the April 30 balance was $13,460. Determine the cash payments made during April.$

Question
Asked Feb 26, 2020
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Account Balances

a.  During February, $85,860 was paid to creditors on account, and purchases on account were $109,900. Assuming that the February 28 balance of Accounts Payable was $36,920, determine the account balance on February 1.
$

b.  On October 1, the accounts receivable account balance was $40,300. During October, $350,600 was collected from customers on account. Assuming that the October 31 balance was $46,300, determine the fees billed to customers on account during October.
$

c.  On April 1, the cash account balance was $18,690. During April, cash receipts totaled $284,090 and the April 30 balance was $13,460. Determine the cash payments made during April.
$

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