Prepare a Balance Sheet for the Dr Pepper Scenario

Scenario: You have recently been hired as the junior accountant for a Dr. Pepper stand. In your first month, the stand has made a series of transactions that you need to record and analyze. Transactions: a. On September 1st, the stand's founder invested $100 to start the business. b. On September 2nd, the stand's founder invited a friend to invest $150 in the business and become a co-founder. c. On September 3rd, the stand's founder borrowed $200 from the bank. d. On September 4th, the stand purchased Dr. Pepper worth $100 in cash. e. On September 5th, the stand purchased a stand worth $150 on credit. Instructions: 1. Transaction Analysis: Examine each transaction listed. Identify the accounts affected and describe the nature of the impact (e.g., increase or decrease). 2. Journal Entries: Prepare journal entries for each transaction. 3. T-Accounts: Post the journal entries to T-accounts. 4. Balance Sheet: Prepare a balance sheet for the Dr. Pepper Stand as of September 30 . Scenario: You have recently been hired as the junior accountant for a Dr. Pepper stand. In your first month, the stand has made a series of transactions that you need to record and analyze. Transactions: a. On September 1st, the stand's founder invested $100 to start the business. b. On September 2nd, the stand's founder invited a friend to invest $150 in the business and become a co-founder. c. On September 3rd, the stand's founder borrowed $200 from the bank. d. On September 4th, the stand purchased Dr. Pepper worth $100 in cash. e. On September 5th, the stand purchased a stand worth $150 on credit. Instructions: 1. Transaction Analysis: Examine each transaction listed. Identify the accounts affected and describe the nature of the impact (e.g., increase or decrease). 2. Journal Entries: Prepare journal entries for each transaction. 3. T-Accounts: Post the journal entries to T-accounts. 4. Balance Sheet: Prepare a balance sheet for the Dr. Pepper Stand as of September 30