O 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 Accounts Payable Account Receivable C Co Stock got Intes Tuventory Wotes able toe te Nores Payable (chorte 40 Pred Real Retained Earning 46 Short Tents Assume that the following events occurred in the following quarter which ended September 30, 2019 a Paid $10 cash for additional intangible assets. b Issued additional shares of common stock for $50 in cash c. Purchased equipment pald $30 in cash and signed additional long-term loans for $70, d. Paid $9 cash for accounts payable owed at September 26 e Conducted negotiations to purchase a farm, which is expected to cost $15 4. Summanize the journal entry effects from part 3 using T-accounts. (Enter your answers in millions (.e., 10,000,000 should be entered as 10). Cash Credit Credit Debit ! Boging Balance Accounts Receivable Debit Beginning Balance Ending Balance Ending Balance Inventory Credit Short-term Investments Debit Beginning Balance Debit Beginning Balance Credit Ending Balance Ending Balance Prepaid Rent Equipment Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Bano Intangible Assets Accounts Payable Credit Credit Debit Beginning Balance Debit Beginning Balance Ending Balance Ending Balance Notes Payable (short-term Debit Credit Beginning Balance Notes Payable long-term) Debit Beginning Balance Credit Ending Balance Ending Balance Comon Stock Retained Earnings Credit Credit Debit Beginning Banos Debit Beginning Balance Ending Balance Ending Balance