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Analysis of Accounts Calculate the unknown amount in each of the following five independent situations. The answer to situation ( a ) is given as
Analysis of Accounts
Calculate the unknown amount in each of the following five independent situations. The answer to situation a is given as an example.
tableAccounttableBeginningBalancetableEndingBalanceOther informationa Cash,$$Total cash disbursed, $b Accounts receivable,$$Services on account, $c Notes payable,$$Borrowed funds by issuing a note, $d Accounts payable,$$Payments on account, $e Stockholders' equity,$$Capital contribution, $
tableUnknown Amounts Required,a Total cash received,$b Total cash collected from credit customers,$c Notes payable repaid during the period,$d Goods and services received from suppliers on account,$e Net income, assuming that no dividends were paid,$
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