Determine the fees biled to customer on account during October On October 1, the accounts receivableaccount balance was $93,200.was $93,200. DuringOctober, $278,000 was collected fromcustomers on account. Assuming theOctober 31 balance was $86,500, determinethe fees billed to customers on accountduring October.

Explanation of Accounts Receivable:Accounts receivable refers to the amount of money that customers…

Answered: On October 1, the accounts receivable…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5EB: Catherines Cookies has a beginning balance in the Accounts Receivable control total account of...

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On October 1, the accounts receivable account balance was $93,200. was $93,200. During October, $278,000 was collected from customers on account. Assuming the October 31 balance was $86,500, determine the fees billed to customers on account during October.