Question: Ch 2-3 Exercises & Problems Account Balances a. During February, $86,240 was paid to creditors on account, and purchases on account were $110,390. Assuming that

 Ch 2-3 Exercises & Problems Account Balances a. During February, $86,240

Ch 2-3 Exercises & Problems Account Balances a. During February, $86,240 was paid to creditors on account, and purchases on account were $110,390. Assuming that the February 28 balance of Accounts Payable was $37,080, determine the account balance on February 1. b. on October 1, the accounts receivable account balance was $39,600. During October, $344,500 was collected from customers on account. Assuming that the October 31 balance was $45,500, determine the fees billed to customers on account during October c. On April 1, the cash account balance was $21,900. During April, cash receipts > totaled $332,880 and the April 30 balance was $15,770. Determine the cash payments made during April De My w 2 more Check My Work uses remaining Previous Next 20 F2 80 DOO 000 F4 FS 16

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