determine the account balance on February 1.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Account Balances

a.  During February, $79,920 was paid to creditors on account, and purchases on account were $102,300. Assuming that the February 28 balance of Accounts Payable was $34,370, determine the account balance on February 1.
$fill in the blank 1

b.  On October 1, the accounts receivable account balance was $49,900. During October, $434,100 was collected from customers on account. Assuming that the October 31 balance was $57,400, determine the fees billed to customers on account during October.
$fill in the blank 2

c.  On April 1, the cash account balance was $18,770. During April, cash receipts totaled $285,300 and the April 30 balance was $13,510. Determine the cash payments made during April.
$fill in the blank 3

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