14 Part 2 of 6 Required information PB2-3 (Static) Recording Transactions (in a Journal and T-Accounts): Preparing and Interpreting the Balance Sheet (LO 2-1, LO 2-2, LO 2-3, LO 2-4, LO 2-5) [The following information applies to the questions displayed below) Shake Shack Incorporated, which began as a hot dog stand in 2001. now has more than 200 locations worldwide. The following is adapted from Shake Shack's financial statements for the quarter ended September 26, 2019. Dollars are reported in millions 5.26 Doint 000 Meco Pay Accounts Receivable 27 Co Stock But Ince Town Site Sate Payable chor Pepe Retained and Short Til ber Assume that the following events occurred in the following quarter which ended September 30, 2019 a Pald $10 cash for additional intangible assets Issued additional shares of common stock for $50 In cash Purchased equipment paid $30 in cash and signed additional long-term loans for $70. d. Pald 59 cash for accounts payable owed at September 26, e Conducted negotiations to purchase a farm, which is expected to cost $15 PB2-3 (Static) Part 2 2. Analyze transactions (e to determine their effects on the accounting equation (Enter any decreases to account balances with o minus sign. Enter your answers in millions (le.. 10,000,000 should be entered as 10).) PB2-3 (Static) Part 2 2. Analyze transactions ()-e) to determine their effects on the accounting equation (Enter any decreases to account balances with a minus sign. Enter your answers in millions (l.e., 10,000,000 should be entered as 10).) Assets Liabilities Stockholders Equity Common Stock Cash Intangible Assets Equipment Accounts Payable Notes Payable (long-term) 3 b. C = + d 0