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 $59,900, determine the account balance on February 1.

On October 1, the accounts receivable account balance was $115,800. During October, $449,600 was collected from customers on account. Assuming the October 31 balance was $130,770 determine the fees billed to customers on account during October.

On April 1, the cash account balance was $46,220. During April, cash receipts totaled $248,600 and the April 30 balance was $56,770. Determine the cash payments made during April.

Accounts payable (opening) = $ 45000.

Account rec during year = $464570

Cash payment during year = $351570.

Explanation:

As we know that:

Account payable (open) + Purchases - Accounts payable (end) = Paid cash

Accounts payable (open) + 201400-59900 = 186500

Accounts payable (open) = 186500+59900-201400

= $45000.

As we know that:

Account receivables (open) + A/c receivable during year - A/c receivable (end) = Cash collected.

A/c receiable during period = 449600-115800+130770

= $464570.

As we know that:

Cash (open) + Cash collected - Cash (end) = Cash payment during period.

46200+248600 - 56770 = Cash payments during year.

Cash payment during year = $351570.