At September 1, the Statement of Financial Position Accounts for Stanley's

question 221

Essay

At September 1, the statement of financial position accounts for Stanley's Restaurant were as follows: The following transactions occurred during the next two days:
The company issued additional ordinary shares for $22,000 cash invested in the business. The accounts payable were paid in full. (No payment was made on the notes payable.)
Instructions
Prepare a statement of financial position at September 3, 2014.

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Definitions:

Intermittent Explosive Disorder

Disorder characterized by (a) several episodes of failure to resist aggressive impulses that result in serious assaultive acts or destruction of property, (b) a degree of aggressiveness grossly out of proportion to the situation, and (c) symptoms not better explained by another mental disorder (such as antisocial personality disorder), the effects of substances, or a medical condition (e.g., a head trauma).

Assault

An act of causing physical harm to someone or attempting or threatening to do so.

Frustration

A psychological state of being upset or annoyed as a result of being unable to change or achieve something.

Intermittent Explosive Disorder

A psychological condition marked by severe episodes of anger that are beyond control and not justified by the circumstances.