Account Balances
a. During February, $82,500 was paid to creditors on account, and purchases on account were $105,600. Assuming that the February 28 balance of Accounts Payable was $35,480, determine the account balance on February 1.
$
b. On October 1, the accounts receivable account balance was $29,500. During October, $256,600 was collected from customers on account. Assuming that the October 31 balance was $33,900, determine the fees billed to customers on account during October.
$
c. On April 1, the cash account balance was $19,050. During April, cash receipts totaled $289,560 and the April 30 balance was $13,720. Determine the cash payments made during April.
$
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Account Balances a. During February, $78,310 was paid to creditors on account, and purchases on account were $100,240. Assuming that the February 28 balance of Accounts Payable was $33,670, determine the account balance on February 1. $ b. On October 1, the accounts receivable account balance was $46,000. During October, $400,200 was collected from customers on account. Assuming that the October 31 balance was $52,900, determine the fees billed to customers on account during October. $ c. On April 1,...
Account Balances a. During February, $85,240 was paid to creditors on account, and purchases on account were $109,110. Assuming that the February 28 balance of Accounts Payable was $36,650, determine the account balance on February 1. $ b. On October 1, the accounts receivable account balance was $34,700. During October, $301,900 was collected from customers on account. Assuming that the October 31 balance was $39,900, determine the fees billed to customers on account during October. $ c. On April 1,...
Account Balances b. During February, $84,080 was paid to creditors on account, and purchases on account were $107,620. Assuming the February 28 balance of Accounts Payable was $36,150, determine the account balance on February 1. b. On October 1, the accounts receivable account balance was $28,200. During October, $245,300 was collected from customers on account. Assuming the October 31 balance was $32,400, determine the fees billed to customers on account during October On April 1, the cash account balance was...
Ch 2-3 Exercises& Problems Account Balances a. During February, $96,940 was paid to creditors on account, and purchases on account were $124,080. Assuming that the February 28 balance of Accounts Payable was $41,680, determine the account balance on February 1. b. On October 1, the accounts receivable account balance was $48,000. During October, $417,600 was collected from customers on account. Assuming that the October 31 balance was $55,200, determine the fees billed to customers on account during October. c. On...
Bookmarks People Tab Window Help D Sun 7:40 PM 0 Assignmer X i CengageNOW. X 1 CengageNOW2 X : Cengage Sign in X Untitled docume X a/takeAssignment/takeAssignment Main.do?invokeru&takeAssignmentSessionLocator &inprogress=false Image Res. Update Apple ID Settings Some account services will not be available until you sign in again eBook Show Me How Calculator Print Item Account Balances a. During February, $186,500 was paid to creditors on account, and purchases on account were $201,400. Assuming the February 28 balance of Accounts Payable...
y Bookmarks People Tab Window Help 2 Assignmer X CengageNOW2 x CengageNOW2 X 3 Cengage Sign in X Sun 7:40 PM n/takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSessionLocator &inprogress=false Untitled documex e Image Res... Update Apple ID Settings Some account Services will not be available until you sign in again eBook Show Me How Calculator Print tem Account Balances a. During February, $186,500 was paid to creditors on account, and purchases on account were $ 201,400. Assuming the February 28 balance of Accounts Payable was...
Account balances Consider the changes in the accounts payable, accounts receivable, and cash accounts. Use T accounts to find the missing values. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. х THUH Open spreadsheet a. During February, $186,500 was paid to creditors on account, and purchases on account were $202,300. Assuming the February 28 balance of Accounts Payable was $59,100, determine the...
A) During February, $84,200 was paid to creditors on account, and purchases on account were $107,780. Assuming that the February 28 balance of Accounts Payable was $36,210, determine the account balance on February 1. $ b. On October 1, the accounts receivable account balance was $38,900. During October, $338,400 was collected from customers on account. Assuming that the October 31 balance was $44,700, determine the fees billed to customers on account during October. $ c. On April 1, the cash...
Account Balances a. During February, $81,480 was paid to creditors on account, and purchases on account were $104,290. Assuming that the February 28 balance of Accounts Payable was $35,040, determine the account balance on February 1. b. On October 1, the accounts receivable account balance was $50,700. During October, $441,100 was collected from customers on account. Assuming that the October 31 balance was $58,300, determine the fees billed to customers on account during October c. On April 1, the cash...
2| Online teachin + false purchases on account were $202,750 Assuming the February 28 blance of Accounts Payable was $57,610, determine th an February On October 1. the account during October:S On Apri 1, the cash account balance was $45,700. During Apni cashc247,150 and the Apnl 30 balance as $36 790. Deine the cash payments made during April