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CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 3 Answer saved Maked out of 4.00 PFlag question Analysis of Accounts Calculate the unknown amount required in
CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 3 Answer saved Maked out of 4.00 PFlag question 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 b. Accounts Receivable C. Notes Payable d. Accounts Payable e. Stockholders' Equity $7,000 9,000 17,500 2,500 29,000 Total cash disbursed, $5,400. Services on account, $16,500. 0,0000 Borrowed funds by issuing a note, $30,000. Payments on account, $2,900. Capital Contribution, $5,000. $5,250 9,300 1,720 46,0000 Unknown Amounts Required a. Total cash received $3,650 b. Total cash collected from credit customers Notes payable repaid during the period Good and services received from suppliers on account $ Net income, assuming that no dividends were paid c. d. e
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