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Calculate the unknown amount in each of the following five independent situations. NOTE: The answer to situation (a) is given as an example. Beginning Ending

Calculate the unknown amount in each of the following five independent situations. NOTE: The answer to situation (a) is given as an example. Beginning Ending Account Balance Balance Other information a. Cash $8,540 $7,350 Total cash disbursed, $5,400. b. Accounts receivable $11,900 $13,020 Services on account, $16,500. c. Notes payable $21,000 $28,000 Borrowed funds by issuing a note, $30,000. d. Accounts payable $4,592 $2,408 Payments on account, $2,900. e. Stockholders' equity $44,800 $64,400 Capital contribution, $5,000. Unknown Amounts Required a. Total cash received $4,210 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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