The balance sheet items of The Sode Shop (arranged in alphabetical order) were as follows at the close of business on September 30. 2021 Accounts payable Accounts receivable Building Capital stock Cash $ 8,500 1,25e 45,500 se.ee 7.480 Furniture and Fixtures Land Notes payable Retained earnings Supplies $ 20,000 55, ese ? 4,89e 3,440 6 The transactions occurring during the first week of October were as follows. Oct. 3 Additional capital stock was sold for $30,000. The accounts payable were paid in full. (No payment was made on the notes payable.) Oct. More furniture was purchased on account at a cost of $18,000, to be paid within 30 days. Supplies were purchased for $1,000 cash from a restaurant supply center that was going out of business. These supplies would have cost $1,875 if purchased under normal circumstances. Oct.1- Revenues of $5, see were carned and received in cash. Expenses required to earn the revenues of $4,ese were incurred and paid in cash. Required: a. Prepare a balance sheet at September 30, 2021. (You will need to compute the missing figure for Notes Payable.) b-1. Prepare a balance sheet at October 6, 2021. b-2. Prepare an income statement for the period October 1-6, 2021. b-3. Prepare a statement of cash flows for the period October 1-6, 2021. In your statement of cash flows, treat the purchase of supplies and the payment of accounts payable as operating activities. c. Assume the notes payable do not come due for several years. Is The Sods Shop in a stronger financial position on September 30 or on October 6? Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Rey 33 Reqc Prepare a balance sheet at September 30, 2021. (You will need to compute the missing figure for Notes Payable.) THE SODA SHOP Balance Sheet September 30, 2021 Llabilities & Owners' Equity Liabilities: Assets Total liabilities S 0 Owners' equity: S 0 Total Assets 0 Total Liabilities & Owners' Equity RAGA Req B1 > The balance sheet items of The Sode Shop (arranged in alphabetical order) were as follows at the close of business on September 30. 2021. $ 28,ege 55,000 Accounts payable Accounts receivable Building Capital stock Cash $ 8,500 1.250 45,5ee sa, ese 7.480 Furniture and Fixtures Land Notes payable Retained earnings Supplies 4.09 3,440 The transactions occurring during the first week of October were as follows. Oct. 3 Additional capital stock was sold for $30,000. The accounts payable were paid in full. (No payment was made on the notes payable.) Oct.6 More furniture was purchased on account at a cost of $18,020, to be paid within 30 days. Supplies were purchased for $1,200 cash from a restaurant supply center that was going out of business. These supplies would have cost $1.875 if purchased under normal circumstances. Oct.1- Revenues of $5,52 were carned and received in cash. Expenses required to earn the revenues of $4.02e were incurred and paid in cash. 6 Required: a. Prepare a balance sheet at September 30, 2021. (You will need to compute the missing figure for Notes Payable.) b-1. Prepare a balance sheet at October 6, 2021. b-2. Prepare an income statement for the period October 1-6, 2021. b-3. Prepare a statement of cash flows for the period October 1-6, 2021. In your statement of cash flows, trest the purchase of supplies and the payment of accounts payable as operating activities. c. Assume the notes payable do not come due for several years. Is The Sods Shop in a stronger financial position on September 30 or on October 6? Complete this question by entering your answers in the tabs below. Req A Reg B1 Req B2 Rey B3 Reg C Prepare a balance sheet at October 6, 2021. THE SODA SHOP Balance Sheet October 6, 2021 Liabilities & Owners' Equity Liabilities Aseta Total liabilities S 0 Owners' equity 0 0 Total Assets Total Liabilities & Owners' Equity The balance sheet items of The Sode Shop (arranged in alphabetical order) were as follows at the close of business on September 30. 2021. Accounts payable Accounts receivable Building Capital stock Cash $ 8,50 1,25e 45. See se.ee 7.40 Furniture and Fixtures Land Notes payable Retained earnings Supplies $ 28,ese 55,000 2 4,690 3,440 The transactions occurring during the first week of October were as follows. Oct. 3 Additional capital stock was sold for $30,000. The accounts payable were paid in full. (No payment was made on the notes payable.) Oct.6 More furniture was purchased on account at a cost of $18.00, to be paid within 30 days. Supplies were purchased for $1,200 cash from a restaurant supply center that was going out of business. These supplies would have cost $1,875 if purchased under normal circumstances. Oct.1 Revenues of $5,see were carned and received in cash. Expenses required to carn the revenues of $4,82e were incurred and paid 6 in cash. Required: a. Prepare a balance sheet at September 30, 2021. (You will need to compute the missing figure for Notes Payable.) b-1. Prepare a balance sheet at October 6, 2021. b-2. Prepare an income statement for the period October 1-6, 2021 b-3. Prepare a statement of cash flows for the period October 1-6, 2021. In your statement of cash flows, treat the purchase of supplies and the payment of accounts payable as operating activities. c. Assume the notes payable do not come due for several years. Is The Sods Shop in a stronger financial position on September 30 or on October 6? Complete this question by entering your answers in the tabs below. Req A Rey B1 Req B2 Req B3 Reg C Prepare an income statement for the period October 1-6, 2021. THE SODA SHOP Income Statement For the Period October 1-6, 2021 s The balance sheet items of The Sods Shop (arranged in alphabetical order) were as follows at the close of business on September 30, 2021 $ 20,ese 55,20 Accounts payable Accounts receivable Building Capital stock Cash $ 8,50 1,250 45,520 se, ege 7,480 Furniture and Fixtures Land Notes payable Retained earnings Supplies 4,89e 3,440 6 The transactions occurring during the first week of October were as follows. Oct. 3 Additional capital stock was sold for $30,000. The accounts payable were paid in full. (No payment was made on the notes payable.) Oct.6 More furniture was purchased an account at a cost of $18,000, to be paid within 30 days. Supplies were purchased for $1,200 cash from a restaurant supply center that was going out of business. These supplies would have cost $1,975 if purchased under normal circumstances. Oct.1- Revenues of $5,5ee were earned and received in cash. Expenses required to carn the revenues of $4,ese were incurred and paid in cash. Required: a. Prepare a balance sheet at September 30, 2021. (You will need to compute the missing figure for Notes Payable.) b-1. Prepare a balance sheet at October 6, 2021 b-2. Prepare an income statement for the period October 1-6, 2021. b-3. Prepare a statement of cash flows for the period October 1-6, 2021. In your statement of cash flows, treat the purchase of supplies and the payment of accounts payable as operating activities. c. Assume the notes payable do not come due for several years. Is The Sods Shop in a stronger financial position on September 30 or on October 6? Complete this question by entering your answers in the tabs below. Req A Req B1 Reg B2 Req B3 Reqc Prepare a statement of cash flows for the period October 1-6, 2021. (List any deduction in cash and cash outflows with a minus sign.) THE SODA SHOP Statement of Cash Flowe For the Period October 1-6, 2021 Cash flows from operating activities Cash paid for supplies $ 0 Cash flows from investing activities: $ a Cash flows from financing activities: $ 0 S Cash balance, October 1, current year Cash balance. October 6, current year S 0 The balance sheet items of the Soda Shop (arranged in alphabetical order) were as follows at the close of business on September 30. 2021 $ 28, ege 55.000 Accounts payable Accounts receivable Building Capital stock Cash $ 8, see 1,250 45,520 se, 280 7.480 Furniture and Fixtures Land Notes payable Retained earnings Supplies 4,690 3,440 The transactions occurring during the first week of October were as follows. Oct. 3 Additional capital stock was sold for $30,000. The accounts payable were paid in full. (No payment was made on the notes payable.) Oct. More furniture was purchased on account at a cost of $18.00, to be paid within 30 days. Supplies were purchased for $1,200 cash from a restaurant supply center that was going out of business. These supplies would have cost $1,875 if purchased under normal circumstances. Oct.1- Revenues of $5,52 were carned and received in cash. Expenses required to earn the revenues of $4.02e were incurred and paid in cash. 6 Required: a. Prepare a balance sheet st September 30, 2021. (You will need to compute the missing figure for Notes Payable.) b-1. Prepare a balance sheet at October 6, 2021. b-2. Prepare an income statement for the period October 1-6, 2021. b-3. Prepare a statement of cash flows for the period October 1-6. 2021. In your statement of cash flows, trest the purchase of supplies and the payment of accounts payable as operating activities. c. Assume the notes payable do not come due for several years. Is The Sods Shop in a stronger financial position on September 30 or on October 6? Complete this question by entering your answers in the tabs below. Req A Rey B1 Reg B2 Req B3 Reqc Assume the notes payable do not come due for several years. Is The Soda Shop in a stronger financial position on September 30 or on October 67 Is The Soda Shop in a stronger financial position on September 30 or on October 6? Req B3 Reqc