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At September 1, the balance sheet accounts for Debbies Restaurant were as follows:
Account payable | $ 3,800 | Land | $ 33,000 |
Account Receivable | 1,600 | Debbie Capital | ?? |
Building | 68,000 | Notes Payable | 48,000 |
Cash | 10,000 | Furniture | 18,700 |
Supplies | 6,600 | | |
The following transactions occurred during the next two days:
Debbie invested an additional $22,000 cash in the business. The accounts payable were paid in full. (No payment was made on the notes payable.)
Required:
Prepare a balance sheet at September 3, 2015.
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