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Question no 1: 5 Marks At September 1, the balance sheet accounts for Kristy's Restaurant were as follows: Accounts Payable $ 3,800 Land $33,000 Accounts
Question no 1: 5 Marks At September 1, the balance sheet accounts for Kristy's Restaurant were as follows: Accounts Payable $ 3,800 Land $33,000 Accounts Receivable 1,600 Kristy, Capital ? Building 68,000 Notes Payable 48,000 Cash 5,000 Supplies 6,600 Furniture 18,700 The following transactions occurred during the next two days: Kristy invested an additional $22,000 cash in the business. The accounts payable were paid in full. (No payment was made on the no payable.) Instructions: Prepare a balance sheet at September 3, 2018
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