1 answer

He following information applies to the questions displayed below] tarbucks is a hina grew from 24...

Question:



he following information applies to the questions displayed below] tarbucks is a hina grew from 24 to over 1,000. The following is adapted from Starbuckss annual report for the year ended October 2, 016, and dollars are reported in millions riod, the number of Starbucks locations in $6,060 635 3,310 500 ts Receivable Cash Common Stock Equipment Intangible Assets Inventory 5,020 3,600 1,860 Notes Payable (long-term) 2,410 Notes Payable (short-term) 2,020 645 4,890 810 Rent ngs Assume that the following events occurred in the following quarter, which ended December 31, 2016. Dollars are in millions. a. Paid $1,750 cash for additional intangible assets. b. Issued additional shares of common stock for $11,500 in cash c. Purchased equipment paid $3,400 in cash and signed additional long-term loans for $10,400 d. Paid $950 cash for accounts payable owed at October 2 ucted negotiations to purchase a coffee farm, which is expected to cost $9,400 marize the journal entry effects from part 3 using T-accounts. (Enter your answers in millions (Le.. 10,000,000 should be tered as 1o).) Cash
he following information applies to the questions displayed below] tarbucks is a hina grew from 24 to over 1,000. The following is adapted from Starbucks's annual report for the year ended October 2, 016, and dollars are reported in millions riod, the number of Starbucks locations in $6,060 635 3,310 500 ts Receivable Cash Common Stock Equipment Intangible Assets Inventory 5,020 3,600 1,860 Notes Payable (long-term) 2,410 Notes Payable (short-term) 2,020 645 4,890 810 Rent ngs Assume that the following events occurred in the following quarter, which ended December 31, 2016. Dollars are in millions. a. Paid $1,750 cash for additional intangible assets. b. Issued additional shares of common stock for $11,500 in cash c. Purchased equipment paid $3,400 in cash and signed additional long-term loans for $10,400 d. Paid $950 cash for accounts payable owed at October 2 ucted negotiations to purchase a coffee farm, which is expected to cost $9,400 marize the journal entry effects from part 3 using T-accounts. (Enter your answers in millions (Le.. 10,000,000 should be tered as 1o).) Cash

Answers

Notes Payable(short term) (S Are In Millions) Accounts Receivable Are In Millions) ($ Are In Millions) $3,310 intangible asseWorking Note Journal Entry a) ($ are in Million) $1,750 Intangible asset To Cash $1,750 b) cash $11,500 To Common stock $11,500 Equipment $13,800 To Cash To Notes Payable (Long Term) $3,400 $10,400 d) $950 Accounts Payable To Cash $950 No Journel entry is required for Conducted Negotiation to purchase a coffee farm

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