From Journal Entry to Financial Statement Bev's Dry Cleaners is owned and operated by Beverly Zahn. A building and equipment are currently being rented. The actual work of dry cleaning is done by another company and they charge a fee to Bev. The beginning balances of the business's general ledger at January 1, 2019 are as follows: Cash debit balance $39,000 Accounts Receivable debit balance $80,000 Supplies debit balance $11,000 Land debit balance $50,000 Accounts Payable credit balance $31,500 The following transactions happened in the month of January. Please make journal entries, post to general ledger, prepare trial balance and from the trial balance prepare Balance Sheet and Income Statement for the month of January 2019 1/1 Bev Zahn invested cash of $21,000 in the business 1/2 Bev purchased land adjacent to the dry cleaner to use as a future parking lot paying cash of $35,000 1/3 the business paid rent for the month $4,000 1/5 the business charged customers for dry cleaning ON ACCOUNT, $72,000 1/10 the business paid their creditors who put the business ON ACCOUNT (the suppliers whom they owe money on) $20,000 1/3 the business paid rent for the month $4,000 1/5 the business charged customers for dry cleaning ON ACCOUNT, $72,000 1/10 the business paid their creditors who put the business ON ACCOUNT (the suppliers whom they owe money on) $20,000 1/12 the business purchased supplies on account for $8,000 1/15 Received cash from customers (who are ON ACCOUNT) $35,000 1/16 Customers paid cash of $8,000 for dry cleaning jobs the Dry Clean has done for them 1/20 The business received bill from the person who is doing the actual work for the dry cleaner. The bill is not due until 2/20/2019. The total invoice amount if $29,450 1/25 paid utilities expense $1,800 1/30 The cost of supplies left is $11,800 so the business used $7200 of supplies during the month From Journal Entry to Financial Statement Bev's Dry Cleaners is owned and operated by Beverly Zahn. A building and equipment are currently being rented. The actual work of dry cleaning is done by another company and they charge a fee to Bev. The beginning balances of the business's general ledger at January 1, 2019 are as follows: Cash debit balance $39,000 Accounts Receivable debit balance $80,000 Supplies debit balance $11,000 Land debit balance $50,000 Accounts Payable credit balance $31,500 The following transactions happened in the month of January. Please make journal entries, post to general ledger, prepare trial balance and from the trial balance prepare Balance Sheet and Income Statement for the month of January 2019 1/1 Bev Zahn invested cash of $21,000 in the business 1/2 Bev purchased land adjacent to the dry cleaner to use as a future parking lot paying cash of $35,000 1/3 the business paid rent for the month $4,000 1/5 the business charged customers for dry cleaning ON ACCOUNT, $72,000 1/10 the business paid their creditors who put the business ON ACCOUNT (the suppliers whom they owe money on) $20,000 1/3 the business paid rent for the month $4,000 1/5 the business charged customers for dry cleaning ON ACCOUNT, $72,000 1/10 the business paid their creditors who put the business ON ACCOUNT (the suppliers whom they owe money on) $20,000 1/12 the business purchased supplies on account for $8,000 1/15 Received cash from customers (who are ON ACCOUNT) $35,000 1/16 Customers paid cash of $8,000 for dry cleaning jobs the Dry Clean has done for them 1/20 The business received bill from the person who is doing the actual work for the dry cleaner. The bill is not due until 2/20/2019. The total invoice amount if $29,450 1/25 paid utilities expense $1,800 1/30 The cost of supplies left is $11,800 so the business used $7200 of supplies during the month