DLte Dry Cleaners is owned and operated by Joel Palk. A bulding and equipment are currently being rented, pending expansion to new faclities. The actual work of dry cleaning is done by another company for a fee. The assets and the liabilies of the business on July 1, 20Y6, are as follows: Cash, $45,000; Accounts Receivable, $93,000; Supplies, $7,000; Land, $75,000; Accounts Pavable, $40,000. Business transactions during July are summarized as follow: DLte Dry Cleaners is owned and operated by Joel Palk. A bulding and equipment are currently being rented, pending expansion to new faclities. The actual work of dry cleaning is done by another company for a fee. The assets and the liabilies of the business on July 1, 20Y6, are as follows: Cash, $45,000; Accounts Receivable, $93,000; Supplies, $7,000; Land, $75,000; Accounts Pavable, $40,000. Business transactions during July are summarized as follow