Essay
At September 1, the balance sheet accounts for Stanley's Restaurant were as follows:
The following transactions occurred during the next two days:
Stanley invested an additional $22,000 cash in the business. The accounts payable were paid in full. (No payment was made on the notes payable.)
Instructions
Prepare a balance sheet at September 3, 2009.
Correct Answer:

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Cash ($10,000 + $22,000 - $3,800) = $28...View Answer
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