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Bey's Day Cleaners is owned and operated by Beverly Zahn. A building and equipment are currently being rented, pending expansion to new facilities. The actual

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Bey's Day 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 dace by another company at wholesale rates. The assets and the liabilities of the business on November 1, 2014, are as followers Cash $39,000; Accounts Receivable Supplies $11,000; Land $50,000; Accounts payable $31,500. Business transactions during November are summarized as follows. Invested additional cash in the business with a deposit of $21,000 in the business bank account. Protested land to land currently owned by Dry Cleaners to use in the as a parking paying cash of $35,000. Paid rent for the month Charged customers for dry revenues on account $72,000. Paid condition on account, $20,000 supplies on account $8,000 Received cash from cash customer for dry cleaning revenue $38,000. Received cash from customers on account $77,000 Received monthly for dry cleaning expertise for November (to be paid on December 10) Paid the following wages expense $24,000; truck expense, $2,100; u expense $1,800 Determined that the cost of supplies on hand was $11,800, therefore, the cost of sup-place used during the month was $7,200. Determine the amount of capital as of November 1 State the assts liabilities and equality as of November 1 in equation form to that shown in this chapter. In tabular form below the equation indicate increases and decreases resulting from each transaction and the new balances after each transition. Bey's Day 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 dace by another company at wholesale rates. The assets and the liabilities of the business on November 1, 2014, are as followers Cash $39,000; Accounts Receivable Supplies $11,000; Land $50,000; Accounts payable $31,500. Business transactions during November are summarized as follows. Invested additional cash in the business with a deposit of $21,000 in the business bank account. Protested land to land currently owned by Dry Cleaners to use in the as a parking paying cash of $35,000. Paid rent for the month Charged customers for dry revenues on account $72,000. Paid condition on account, $20,000 supplies on account $8,000 Received cash from cash customer for dry cleaning revenue $38,000. Received cash from customers on account $77,000 Received monthly for dry cleaning expertise for November (to be paid on December 10) Paid the following wages expense $24,000; truck expense, $2,100; u expense $1,800 Determined that the cost of supplies on hand was $11,800, therefore, the cost of sup-place used during the month was $7,200. Determine the amount of capital as of November 1 State the assts liabilities and equality as of November 1 in equation form to that shown in this chapter. In tabular form below the equation indicate increases and decreases resulting from each transaction and the new balances after each transition

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