At September 1, the statement of financial position accounts for Stanley's Restaurant were as follows: The following transactions occurred during the next two days:
The company issued additional ordinary shares for $22,000 cash invested in the business. The accounts payable were paid in full. (No payment was made on the notes payable.)
Instructions
Prepare a statement of financial position at September 3, 2014.

Question

At September 1, the statement of financial position accounts for Stanley's Restaurant were as follows:  The following transactions occurred during the next two days:
The company issued additional ordinary shares for $22,000 cash invested in the business. The accounts payable were paid in full. (No payment was made on the notes payable.)
Instructions
Prepare a statement of financial position at September 3, 2014.

Quizplus · Accepted Answer

The Answer of At September 1, the statement of financial position accounts for Stanley's Restaurant were as follows:  The following transactions occurred during the next two days:
The company issued additional ordinary shares for $22,000 cash invested in the business. The accounts payable were paid in full. (No payment was made on the notes payable.)
Instructions
Prepare a statement of financial position at September 3, 2014.

At September 1, the Statement of Financial Position Accounts for Stanley's