Bev's Dry Cleaners is owned and operated by Beverly Zahn. A building and equipment are currently being rented, pending expansion to new facilities. The actual work of dry cleaning is done by another company for a fee. The assets and the liabilities of the business on November 1, 20Y6, are as follows: Cash, $39,000; Accounts Receivable, $80,000; Supplies, $11,000; Land, $50,000; Accounts Payable, $31,500. Business transactions during November are summarized as follows:

1. Beverly Zahn invested additional cash in the business with a deposit of $21,000 in the business bank account.
2. Purchased land adjacent to land currently owned by Bev's Dry Cleaners to use in the future as a parking lot, paying cash of $35,000.
3. Paid rent for the month, $4,000.
4. Charged customers for dry cleaning revenue on account, $72,000.
5. Paid creditors on account, $20,000.
6. Purchased supplies on account, $8,000.
7. Received cash from cash customers for dry cleaning revenue, $38,000.
8. Received cash from customers on account, $77,000.
9. Received monthly invoice for dry cleaning expense for November (to be paid on December 10), $29,450.
10. Paid the following: wages expense, $24,000; truck expense, $2,100; utilities expense, $1,800; miscellaneous expense, $1,300.
11. Determined that the cost of supplies on hand was $11,800; therefore, the cost of supplies used during the month was $7,200.
12. Withdrew $5,000 for personal use.

3. Prepare a statement of owner's equity for November, and a balance sheet as of November 30.

4. Prepare a statement of cash nows for Nowember: Use the minus sign to indicate cash outlows, decreases in cash, and cash payments