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Transactions: Financial Statements Bev's Dry Cleaners is owned and operated by Beverly Zahn. A building and equipment are currently being rented, pending expansion to new

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Transactions: Financial Statements Bev's Dry Cleaners is owned and operated by Beverly Zahn. A building and equipment are currently being rented, pending expansion to new facilities The actual work of dry cleaning is done by another company for a fee. The assets and the abilities of the business on November 1, 2019, are as follows: Cash, $17,430; Accounts Receivable, $35,690; Supplies, $3,320; Land, $41,500; Accounts payable, $14,946. Business transactions during November are summarized as follows: Beverly Zahn invested additional cash in the business with a deposit of $33,000 in the business bank account b. Purchased land adjacent to land currently owned by Bev's Dry Cleaners to use in the future as a parking lot, paying cash of $16,700 c. Pald rent for the month, $12,200 d. Charged customers for dry cleaning revenue on account, 534,570 e. Pald creditors on account, $14,230 1. Purchased supplies on account. $6,100. Received cash from cash customers for dry cleaning revenue, $32,540 h. Received cash from customers on account. 540,670. 1 Received monthly invoice for dry cleaning expense for November to be paid on December 10). 516.270. . Paid the following: wapes expense. $8,950; truck expense, $3,250; utilities expense, $2,460; miscellaneous expense, $1,550 k. Determined that the cost of supplies on hand was $8,000; therefore, the cost of supplies used during the month was $1.420. Withdrew 59,400 cash for personal use Required: 1. Determine the amount of Beverly. Zahn's capital as of November 1. 2. Use the attached spreadsheet to complete purt 2. Click on the spreadsheetIcon above to be and save the Excel file to your computer. Your input into the spreadsheet will not be included in your grade in Congo Now on this problem eBook HE Spreadsheet 3. Using the balances from the spreadsheet, prepare an income statement for November, a statement of owner's equity for November, and a sheet as of November 30. Use a minus sign to indicate a net loss if applicable. Income Statement a 9 10 11 8 Prova Check My Workmore Check My Workestering 61F a Statement of Owner's Equity

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