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Analysis of Accounts Calculate the unknown amount required in each of the following five independent situations. The answer to situation (a) is given as an
Analysis of Accounts Calculate the unknown amount required in each of the following five independent situations. The answer to situation (a) is given as an illustration: Account Beginning Balance Ending Balance Other Information a. Cash $10,200 $5,250 Total cash disbursed, $5,400. b. Accounts Receivable 12,600 9,300 Services on account, $16,500. c. Notes Payable 19,100 20,000 Borrowed funds by issuing note, $30,000. d. Accounts Payable 7,380 1,720 Payments on account, $5,800. e. Stockholders' Equity 36,100 46,000 Capital Contribution $5,000. $450 Unknown Amounts Required a. Total cash received b. Total cash collected from credit customers $ C. Notes payable repaid during the period $ d. Good and services received from suppliers on account $ e. Net income, assuming that no dividends were paid $
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