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The transactions occurring during the first week of October were as follows:

October $3$ Ad ditional capital stock was issued for $$30,000.$ The accounts payable were paid in full. $($No payment w notes payabie.$)$

October $3$ More furniture was purchased on account at a cost of $$18,000,$ to be paid within $30$ days. Supplies wer $$1,000$ cash from a restaurant supply center that was going of business. These supplies would have cost $$1,8$ under normal circumstances.

October $1$ to $6$ Revenues of $$5,500$ were earned and received in cash. Expenses required to earn the revenues o incurred and paid in cash.

Required:

a$.$ Prepare a balance sheet at September $30,2024.($You will need to compute the missing figure for Notes Payabl

b$-1.$ Prepare a balance sheet at October $6,2024.$

b$-2.$ Prepare an income statement for the period October $1$ to $6,2024.$

b$-3.$ Prepare a statement of cash flows for the period October $1$ to $6,2024.$ In your statement of cash flows, treat t supplies and the payment of accounts payable as operating activities.

c$.$ Assume the notes payable do not come due for several years. Is The Soda Shop in a stronger financial position on October $6?$

Complete this question by entering your answers in the tabs below.

Req A Req B$1$ Req B$2$

Req B$3$

Req C

Prepare a statement of cash flows for the period October $1$ to $6,2024.$ In your statement of cash flows, treat the purc supplies and the payment of accounts payable as operating activities.

Note: List any deduction in cash and cash outflows with a minus sign.

THE SODA SHOP

Statement of Cash Flows

For the Period October $1$ to $6,2024$

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