At September 1, the balance sheet accounts for Kiner's Restaurant were as follows: The following transactions occurred during the next two days:
Stockholders invested an additional $20,000 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, 2014.

Question

At September 1, the balance sheet accounts for Kiner's Restaurant were as follows:  The following transactions occurred during the next two days:
Stockholders invested an additional $20,000 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, 2014.

Quizplus · Accepted Answer

The Answer of At September 1, the balance sheet accounts for Kiner's Restaurant were as follows:  The following transactions occurred during the next two days:
Stockholders invested an additional $20,000 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, 2014.

At September 1, the Balance Sheet Accounts for Kiner's Restaurant