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Shake Shack Incorporated, which began as a hot dog stand in 2 0 0 1 , now has more than 2 7 0 locations worldwide.
Shake Shack Incorporated, which began as a hot dog stand in now has more than locations worldwide. The following is adapted from Shake Shack's financial statements for the quarter ended June Dollars are reported in millions.
tableAccounts Payable,Accounts Receivable,CashCommon Stock,EquipmentIntangible Assets,InventoryNotes Payable longtermNotes Payable shorttermPrepaid Rent,Retained Earnings,ShortTerm Investments,
Assume that the following events occurred in the following quarter, which ended September
a Paid $ cash for additional intangible assets.
b Issued additional shares of common stock for $ in cash.
c Purchased equipment; paid $ in cash and signed additional longterm loan for $
d Paid $ cash for accounts payable owed at June
e Conducted negotiations to purchase a farm, which is expected to cost $
Required:
Summarize the journal entry effects from part using Taccounts.
Note: Enter your answers in millions ie should be entered as
tableAccounts Recelvable,,DebitBeginning Balance,,,Ending Balance,,,Shortterm Investments,DegitEnding Balance,,,
tableRetained Earnings,DebitCreditBeginning Balance,,,Ending Balance,,,
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