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At September 1, 2024, the balance sheet accounts for Gary's Restaurant, owned by Gary Ray were as follows: Accounts Payable Accounts Receivable Building Cash Furniture Land G. Ray, Capital Notes Payable Supplies $3,300 1,700 78,000 5,300 16,500 44,600 ? 48,400 6,600 The following transactions occurred during the next two days: 1. Gary invested an additional $22,300 cash in the business. 2.the accounts payable were paid in full(no payment was made on the notes payable). prepare a balance sheet at september3,2024 At September 1, 2024, the balance sheet accounts for Gary's Restaurant, owned by Gary Ray were as follows: Accounts Payable Accounts Receivable Building Cash Furniture Land G. Ray, Capital Notes Payable Supplies $3,300 1,700 78,000 5,300 16,500 44,600 ? 48,400 6,600 The following transactions occurred during the next two days 1 Gary invested an additional $22,300 cash in the business.

At September 1, 2024, the balance sheet accounts for Gary's Restaurant, owned by Gary Ray were as follows: Accounts Payable Accounts Receivable Building Cash Furniture Land G. Ray, Capital Notes Payable Supplies $3,300 1,700 78,000 5,300 16,500 44,600 ? 48,400 6,600 The following transactions occurred during the next two days: 1. Gary invested an additional $22,300 cash in the business. 2.the accounts payable were paid in full(no payment was made on the notes payable). prepare a balance sheet at september3,2024 At September 1, 2024, the balance sheet accounts for Gary's Restaurant, owned by Gary Ray were as follows: Accounts Payable Accounts Receivable Building Cash Furniture Land G. Ray, Capital Notes Payable Supplies $3,300 1,700 78,000 5,300 16,500 44,600 ? 48,400 6,600 The following transactions occurred during the next two days 1 Gary invested an additional $22,300 cash in the business.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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At September 1, 2024, the balance sheet accounts for Gary's Restaurant, owned by Gary Ray were as follows: Accounts Payable Accounts Receivable Building Cash Furniture Land G. Ray, Capital Notes Payable Supplies $3,300 1,700 78,000 5,300 16,500 44,600 ? 48,400 6,600 The following transactions occurred during the next two days: 1. Gary invested an additional $22,300 cash in the business. 2.the accounts payable were paid in full(no payment was made on the notes payable). prepare a balance sheet at september3,2024 At September 1, 2024, the balance sheet accounts for Gary's Restaurant, owned by Gary Ray were as follows: Accounts Payable Accounts Receivable Building Cash Furniture Land G. Ray, Capital Notes Payable Supplies $3,300 1,700 78,000 5,300 16,500 44,600 ? 48.400 6,600 The following transactions occurred during the next two days: 1. Gary invested an additional $22,300 cash in the business.
Transcribed Image Text:At September 1, 2024, the balance sheet accounts for Gary's Restaurant, owned by Gary Ray were as follows: Accounts Payable Accounts Receivable Building Cash Furniture Land G. Ray, Capital Notes Payable Supplies $3,300 1,700 78,000 5,300 16,500 44,600 ? 48,400 6,600 The following transactions occurred during the next two days: 1. Gary invested an additional $22,300 cash in the business. 2.the accounts payable were paid in full(no payment was made on the notes payable). prepare a balance sheet at september3,2024 At September 1, 2024, the balance sheet accounts for Gary's Restaurant, owned by Gary Ray were as follows: Accounts Payable Accounts Receivable Building Cash Furniture Land G. Ray, Capital Notes Payable Supplies $3,300 1,700 78,000 5,300 16,500 44,600 ? 48.400 6,600 The following transactions occurred during the next two days: 1. Gary invested an additional $22,300 cash in the business.
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