During February, $81,750 was paid to creditors on account, and purchases on account were $104,640. Assuming the February 28 balance of Accounts Payable was $35,150, determine the account balance on February 1. $fill in the blank 1
Account balances..
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a. During February, $81,750 was paid to creditors on account, and purchases on account were $104,640. Assuming the February 28 balance of Accounts Payable was $35,150, determine the account balance on February 1.
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b. On October 1, the
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c. On April 1, the cash account balance was $14,260. During April, cash receipts totaled $216,750 and the April 30 balance was $10,270. Determine the cash payments made during April.
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