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Please help me with this, make sure you show steps. Thank you. Analysis of Accounts Calculate the unknown amount required in each of the following
Please help me with this, make sure you show steps. Thank you.
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 a. Cash b. Accounts Receivable Beginning Balance Ending Balance $5,100 $5,250 8,500 9,300 15,000 20,000 3,280 1,720 34,000 46,000 Other Information Total cash disbursed, $5,400. Services on account, $15,000. Borrowed funds by issuing note, $28,000. Payments on account, $3,900. Capital Contribution, $5,000. c. Notes Payable d. Accounts Payable e. Stockholders' Equity $5,550 $ 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 $ $Step by Step Solution
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