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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 illustration:

Account Beginning Balance Ending Balance Other Information

a$.$ Cash $$8,300$ $$5,250$ Total cash disbursed, $$5,400.$

b$.$ Accounts Receivable $10,7009,300$ Services on account, $$16,500.$

c$.$ Notes Payable $17,20020,000$ Borrowed funds by issuing note, $$30,000.$

d$.$ Accounts Payable $5,4801,720$ Payments on account, $$4,900.$

e$.$ Stockholders$$ Equity $34,20046,000$ Capital Contribution, $$5,000.$

Unknown Amounts Required

a$.$ Total cash received $$2,350$

b$.$ Total cash collected from credit customers Answer $1$

$0$

c$.$ Notes payable repaid during the period Answer $2$

$0$

d$.$ Good and services received from suppliers on account Answer $3$

$0$

e$.$ Net income, assuming that no dividends were paid Answer $4$

$0$