OK Calon Dhe Dry Crewned and operated by Joel Pak Abullding and equipment are currently being rented, pending expersion to new facilities. The actual work or dry cleaning is done by 2 other company at wholesale rates. The stabiles, and common lock of the business on July 1, 2014, are as follows: Cash, 345,000; Accounts Receivable $9.000 Supplies 57.000;Land, 575,000 Accounts Payable, $40,000; Common Stock, 360,000. Business transactions during July are summarized as follows: resulting from each Common + Stock ..Jom Pak invested additional cash in exchange for cormon stock with a deposit of $35,000 the business bank account b. Paid $10,000 for the purchase of land allacent to land cuently owned by DLHO Dry Cleaners as a future building site c. Received cash from customers for dry cleaning revenue, 82,125. d. Paldent for the month 38.000 e. Purchased supplies on court, $2.500 Pad creditors on count, $22.000 Charged customers for dry cleaning revenue on account, 584.750 h. Reolved monthly invoice for trydering expere for July to be paid on August 10, 20.00 Paid the following: wages expere, 87,500,truck expense, $2,500 expense $1,300 miscarouser, $2,700 | Received cash from customers on account, $80,000 k Determined at the coul of ples on hard was $5,000, therefore, the cost of applied during the month was $3,600 1. Pald dividende, 612,000 Required: 1. Determine the amount of retained us as of 1, 2014 2 The band of Ay are stated in in to that shown in the chapter intable form below the pain, here and decreased resulting from each action and the new balance charaction in each transaction row rows indicated by a ter you must into the math signior) cum affected by the action. You will need to main in the balance rowerows indicated by Bal). En efore are not required and will be cleared ancora 3. Prepare anomene month anded Ally 31, 2016. Mer the Acco the accounting equation gold and to the lot of Label and Amount Description for the end wording of the answer choice for antries. Be sure to complete the most heading. anellos has been incredider that amount as ang number using a min You will not need to enter colons on the income statement 3.b. Prepare a statement of stockholders equity for the month anded July 31, 2016. Pater to the Hats of Art in the accounting equation grid and other of Labels and Amount Description for the exact wording of the choice for to antes or to complete the statement heading a nations is incurred or dividends were paid to the amounts a negative number using a minus sign 2. Prepare a balance sheet as of Juy 31, 2014. Refer to the county in the accounting equation grid and to the list of Label and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement reading 4. Prepare a meno cash flows for July refer to the list of Label and Amount Descriptions for the exact wording of the answer choices for restantes. Be sure to complete the statement houding. Enter amount that represent cash out as negative numbers using a minus signYou will not need to enter colons on the went Equation Smello d'Equity Ihre Samen of Cash Flows 4. Prepare a statement of cash flows for All Refer to the totable and Amour Destions for the exact wording of the answer choice for ories. Be sure to complete the statement heading. Enter amount that represent cash outlows as negative numbers using a mossign Www of need to enter colors on the statement Ne De Dry Cleaners Statement of Cash Flow Label Term 33 11 11 11 11 B MacBook AS 80 DOD F1 F2 F3 F4 F5 F2 ransactions financial statements Instructions First Question Accounting Equation Grid Income Statement Statement of Stockholders' Equity Ball powing Equation Grid Ingen Stalent Statement of Stockholders' Equity Balance Shoot Denne 3.c. Prepare a balance sheet as of July 31, 2014. Pater to the Accown the counting equation grid and to the lot of Label and Amount Deocratione Inibles for the exact wording of the answer choices for interes. Be sure to complete the statement heading punts Duite Dry Cleaners yable Balance Sheet (Label) A ---- Study 12 11 12 15 MacBook Air Calco Transactions, financial statements First Question Accounting Equation Grid Income Statement Statement of Stockholders' Equity locorting Equation Grid In Statement Statement of Stockholders'Equity hocafe habibles 3. Prepare a statement of stockholders'equly for the month anded My 31, 2014. Ale to the site of Account in the accounting equation grid and to the isto Label and Amount Descriptions for the exact wording of the new choices for free. Be sure to complete the statement heating a ne loss is nourred or olvidends were part, enter at amount as a negative number using a minus in ccounts Payable Dhe Dry Cleaners Statement of Stockholders' Equity (Label Red Earnings TET Bal Bal Bal Check My Word MacBook Air Calen Transactions financial statements Instructions First Question Accounting Equation Grid Income Statement Statement of Stockholders' Equity sporting Equebond Income Statement hindo 3a Prepare an increment for the month anded Axy 31, 2014. Refer to the Account in the accounting pusong and to the fol Label and Amount Description for the exact wording of the answer choos for fast entries. Be sure to complete the statemeheading. Wanelons has been neurred, enter that amount as a negative number ning ainus sign. You will not need to enterokone) on the income talent Liabilit Dhe Dry Cleaners Income Statement Label Accoun -Payab 2 3 11 Bal L Bal MACBOOK A Mars) Com Cash Land Raw . 1 F 1 1 owned by word and wide Stockholders' Equity Dry Dry Truck Suple Expense U -Expense Expense d . . Instructions First Question Accounting Equation Grid Income Statement Statement of Stockholders' Equ Accounting Equation Grid First Question achtra the signs 1. Determine the amount of retained earnings as of July 1, 2014. S ds