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Question(s) / Instruction(s):

a.   During October, $97,780 was paid to creditors on account, and purchases on account were $125,160. Assuming the October 31 balance of Accounts Payable was $42,050, determine the account balance on October 1.

b.   On May 1, the accounts receivable account balance was $29,000. During May, $252,300 was collected from customers on account. Assuming the May 31 balance was $33,400, determine the fees billed to customers on account during May.

c.   On November 1, the cash account balance was $22,990. During November, cash receipts totaled $349,450 and the November 30 balance was $16,550. Determine the cash payments made during November.

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