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2 Cellar Dry Cleaners is owned and operated by Mary Angel. A building and equipment are currently being rented, pending expansion to new facilities. The

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2 Cellar Dry Cleaners is owned and operated by Mary Angel. A building and equipment are currently being rented, pending expansion to new facilities. The actual work of dry cleaning is done by another company at wholesale rates. The assets and the liabilities of the business on November 1, 2017, are as follows: Cash, $34,200; Accounts Receivable, $40,000; Supplies, $5,000; Land, $50,000; Accounts Payable, $16,400. Business transactions during November are summarized as follows: ODOO Mary Angel invested additional cash in the business with a deposit of $35,000 in the business bank account. Purchased land for use as a parking lot, paying cash of $30,000. Paid rent for the month, $4,500. Charged customers for dry cleaning service on account, $18,250. Paid creditors on account, $9,000. Purchased supplies on account, $2,800. Received cash from cash customers for dry cleaning service, $31.750 Received cash from customers on account, $27,800. Received monthly invoice for dry cleaning expense for November (to be paid in December 10). $14,800. Paid the following expenses: wages expense, $8,200; truck expense, $1,875: utilities expense, $1,575, miscellaneous expenses, $850. Withdrew $10,000 for personal use. k. Required: In tabular form (using the accounting equation) indicate the increases and decreases from each transaction and the new balances after each transaction

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