At 1 September 2018, the Statement of Financial Position for Arnold's Restaurant Ltd contained the following items:
The following transactions occurred during the next two days: shareholders invested an additional $22,000 cash in the business and accounts payable were paid in full. Prepare a statement of financial position for Arnold's Restaurant Ltd at 3 September 2018.

Question

At 1 September 2018, the Statement of Financial Position for Arnold's Restaurant Ltd contained the following items:
  The following transactions occurred during the next two days: shareholders invested an additional $22,000 cash in the business and accounts payable were paid in full. Prepare a statement of financial position for Arnold's Restaurant Ltd at 3 September 2018.

Quizplus · Accepted Answer

The Answer of At 1 September 2018, the Statement of Financial Position for Arnold's Restaurant Ltd contained the following items:
  The following transactions occurred during the next two days: shareholders invested an additional $22,000 cash in the business and accounts payable were paid in full. Prepare a statement of financial position for Arnold's Restaurant Ltd at 3 September 2018.