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D'Lite Dry Cleaners is owned and operated by Joot Pak Abuilding and equipment are currently being rented, pending expansion to new facilities. The actual work

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D'Lite Dry Cleaners is owned and operated by Joot Pak Abuilding 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 common stock of the buses on July 1, 2014, are as follows Cash, 545,000. Accounts Receivable. 583.000, Supplies 57,000, Land, 575,000 Account 40,000. Common Stock 500,000 Business transaction during July are summarized as follows Joel Pak evetted additional cash in exchange for common stock with a deposit of $35.000 in the business bank account Paid Sootor the purchase of land adjacent to land curtenty owned by Dune Dry Cleaners as a future building site c Received cash from customers for dry cleaning revenue 532,125 d Paid run for the month $6.000 Purchased supplies on account, $2.500 I Pad creditors on account, $22.800 Charged customers for dry deaning revenue on account, 584,750 Record mondtly invoice for dry cleaning expense for July (to be pard on August 10), 529 500 Paid the following wages expense 57.500,truck compense $2.500 tistes expense, $1,300 miscellaneous expense, 57.700 Received cash from customers on account, $80,000 * Determined that the cost of succes on hand was $5,000, therefore, the cost of supplies used durity the month was $3,000 Paid dividends $12,000 Statement of Stockholders' Equity 3. Prepare a statement of stockhoegunty for the month ended July 31, 2014 Refer to the list of Accounts in the accounting equation grid and to the list of Labels and Amount Descriptions for the exact wording of the answer choices for text entries Be sure to complete the statement heading of a nations is incurred or dividends were paid, enter that amount as a negative number using a minus sign D'Lite Dry Cleaners Statement of Stockholders' Equity July 31, 2014 Common Stock Retained Earnings Total

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