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Starbucks is a coffee companya big coffee company. During a 10-year period, the number of Starbucks locations in China grew from 24 to over 1,000.
Starbucks is a coffee companya big coffee company. During a 10-year period, the number of Starbucks locations in China grew from 24 to over 1,000. The following is adapted from Starbuckss annual report for the year ended October 2, 2016, and dollars are reported in millions.
Accounts Payable | $ | 5,020 | |
Accounts Receivable | 595 | ||
Cash | 2,910 | ||
Common Stock | 420 | ||
Equipment | 4,060 | ||
Intangible Assets | 3,200 | ||
Inventory | 1,460 | ||
Notes Payable (long-term) | 2,010 | ||
Notes Payable (short-term) | 1,620 | ||
Prepaid Rent | 605 | ||
Retained Earnings | 4,490 | ||
Short-Term Investments | 730 | ||
Assume that the following events occurred in the following quarter, which ended December 31, 2016. Dollars are in millions.
- Paid $1,350 cash for additional intangible assets.
- Issued additional shares of common stock for $10,700 in cash.
- Purchased equipment; paid $4,700 in cash and signed additional long-term loans for $9,600.
- Paid $870 cash for accounts payable owed at October 2.
- Conducted negotiations to purchase a coffee farm, which is expected to cost $8,600.
- Analyze transactions (a)(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
make a chart with
Assets Liabilities Stockholders equity
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