None Calculate the unknown amount required in each of the following fiveindependent situations.AccountBeginningBalanceEndingOther InformationBalanceTotal cash disbursed,a Cash$8,600$5,250$5,400.AccountsServices on account,b11,0009,300Receivable$16,500.Borrowed funds by issuingc Notes Payable17,50020,000note, $30,000.AccountsPayments on account,5,7801,720Payable$4,900.Stockholders'Capital Contribution,34,50046,000Equity$5,000.Unknown Amounts Required:a. Total cash receivedb. Total cash collected from credit customers.c. Notes payable repaid during the period.d. Good and services received from suppliers on the account.

Step 1: Define Note PayableNotes payable is a written agreement between the buyer and the lender in…

Answered: Calculate the unknown amount required…

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 3.6C

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