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At September 1, 2022 the balance sheet accounts for Oriole's Restaurant were as follows: Accounts Payable $4,100 Land $32,400 Accounts Receivable 1,300 Common Stock ?

At September 1, 2022 the balance sheet accounts for Oriole's Restaurant were as follows:

Accounts Payable

$4,100

Land

$32,400

Accounts Receivable

1,300

Common Stock

?

Buildings

77,000

Notes Payable

49,000

Cash

5,400

Supplies

4,300

Equipment

15,800

Retained Earnings

45,300

The following transactions occurred during the next two days: On September 2, stockholders invested an additional $18,500 cash in the business. The accounts payable were paid in full. Assuming these were the only two transactions during the first three days of September, prepare a balance sheet at September 3, 2022. (List Assets in order of liquidity.) image text in transcribed

ORIOLE'S RESTAURANT Balance Sheet At September 3, 2022 ASSETS Cash $ 5,400 Accounts Receivable 1,300 Supplies 4,300 Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities Retained Earnings 45,300 Total Liabilities and Stockholders' Equity

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