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Sweet Treats, which began as a hot dog stand in 2001, now has more than 200 locations worldwide. The following is adapted from Sweet

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Sweet Treats, which began as a hot dog stand in 2001, now has more than 200 locations worldwide. The following is adapted from Sweet Treats's financial statements for the quarter ended June 26, 2019. Dollars are reported in millions. Accounts Payable Accounts Receivable Cash Common Stock Equipment Intangible Assets Inventory Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Retained Earnings Short-Term Investments Required: $5,930 630 3,260 490 4,900 3,550 1,810 2,360 1,970 640 4,840 800 Assume that the following events occurred in the following quarter, which ended September 26, 2019. Dollars are in millions. a. Paid $1,700 cash for additional intangible assets. b. Issued additional shares of common stock for $11,400 in cash. c. Purchased equipment; paid $3,300 in cash and signed additional long-term loans for $10,300. d. Paid $940 cash for accounts payable owed at September 26. e. Conducted negotiations to purchase a farm, which is expected to cost $9,300.

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