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At October 1, the statement of financial position accounts for Stanley's Restaurant were as follows: Accounts Payable Accounts Receivable Buildings Cash Equipment $ 3,800 11,600
At October 1, the statement of financial position accounts for Stanley's Restaurant were as follows: Accounts Payable Accounts Receivable Buildings Cash Equipment $ 3,800 11,600 68,000 10,000 18,700 Land Share Capital-Ordinary Notes Payable Supplies $33,000 ? 48,000 6,600 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 October 3, 2020
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