Question
Dry Cleanest offers extensive dry cleaning services. Joan Bogota started this company one year ago. The opening balance of the accounts on January 1,
Dry Cleanest offers extensive dry cleaning services. Joan Bogota started this company one year ago. The opening balance of the accounts on January 1, 2019 are shown below. Opening Balances - January 1, 2019 Cash $1,130 Accounts Receivable $860 Prepaid Expenses $310 Machinery $5,000 Accounts Payable $1,290 Bank Loan $0 Bogota, Capital $6,010 Required a) Indicate whether the account balances will increase or decrease and by how much, based on each transaction during January. Always ensure that the accounting equation is balanced. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values.
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