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  3. 1s healthy cookies, inc. opened a new cookie store

1S Healthy Cookies, Inc. opened a new cookie store by obtaining an equity investment $90.000...

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Accounting

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1S Healthy Cookies, Inc. opened a new cookie store by obtaining an equity investment $90.000 cash and by borrowing an additional $65,000 in cash from a bank. Healthy Cookies is a retailer of fruit-based, no sugar added cookies. Some of the cash was used to purchase store equipment costing $57,000, and another $72,500 to buy fruit to mix Sales revenue for the year totaled $112,500, all of into cookies to be sold to customers. which was received in cash. By year-end, the cost of the inventory sold was $$7,500, with other cxpenscs amounting to $41,000, which were all paid in cash except for $4,000 to be paid the following month. The company paid the equity investors a cash dividend of $3,000. (4 pts.) Use the balance sheet equation format to show the effects on the accounting equation. Preparc a balance shect at Dcccmber 31

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