At September 1, the balance sheet accounts for Stanley's Restaurant were as follows: $3,800 Accounts...
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At September 1, the balance sheet accounts for Stanley's Restaurant were as follows: • $3,800 Accounts Payable 9,600 Accounts Receivable 68,000 Buildings 10,000 Cash 18,700 Equipment 33,000 Land From Q15 Owner's Capital 48,000 Notes Payable 6,600 Supplies The following transactions occurred during the next two days: 1. Stanley invested an additional $22,000 cash in the business. 2. The accounts payable were paid in full. (No payment was made on the notes payable) Calculate the Owner's Capital at September 30, 2016 (Do not format answer: NO $, commas, %) At September 1, the balance sheet accounts for Stanley's Restaurant were as follows: • $3,800 Accounts Payable 9,600 Accounts Receivable 68,000 Buildings 10,000 Cash 18,700 Equipment 33,000 Land From Q15 Owner's Capital 48,000 Notes Payable 6,600 Supplies The following transactions occurred during the next two days: 1. Stanley invested an additional $22,000 cash in the business. 2. The accounts payable were paid in full. (No payment was made on the notes payable) Calculate the Owner's Capital at September 30, 2016 (Do not format answer: NO $, commas, %)
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Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
Posted Date:
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