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The following balance sheet data are reported for BrownleeCatering at September 30, 2015Accounts receivable ... $17,000Notes payable ... $12,000Equipment ... $34,000Supplies Inventory ... $9,000Accounts payable $24,000Cash ... $10,000Common Stock ... $27,500Retained earnings ... ?Assume that on October 1, 2015, only the two followingtransactions occurred:October 1 - Purchased additional equipment costing $11,000 ,giving $3,000 cash and signing an $8,000 note payableDeclared and paid a cash dividend of $3,000__________a. Prepare Brownlee Catering’s balance sheet at September 30,2015b. Prepare the company’s balance sheet at the close of thebusiness on October 1, 2015c. Calculate Brownlee’s current and quick ratios on September 30and October 1 (assume notes payable are non current).d. The October 1, 2015 transactions have decreased Brownlee’scurrent and quick ratios, reflecting a decline in liquidity.Identify two transactions that would increase the company’sliquidity