My Home * CengageNOWv2 | Online teachi G benefits of being loyal - Google n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false еВook E Spreadsheet 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 liabilities of the business on November 1, 2019, are as follows: Cash, $17,220; Accounts Receivable, $35,260; Supplies, $3,280; Land, $41,000; Accounts payable, $14,760. Business transactions during November are summarized as follows: la. Beverly Zahn invested additional cash in the business with a deposit of $32,000 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 $16,100. c. Paid rent for the month, $11,810. d. Charged customers for dry cleaning revenue on account, $33,460. e. Paid creditors on account, $13,780. f. Purchased supplies on account, $5,900. g. Received cash from cash customers for dry cleaning revenue, $31,490. h. Received cash from customers on account, $39,360. i. Received monthly invoice for dry cleaning expense for November (to be paid on December 10), $15,740. j. Paid the following: wages expense, $8,660; truck expense, $3,150; utilities expense, $3,350; miscellaneous expense, $1,500. k. Determined that the cost of supplies on hand was $7,800; therefore, the cost of supplies used during the month was $1,380. 1. Withdrew $9,100 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 part 2. Click on the Spreadsheet icon above to open and save the Excel file to your computer. Your input into the spreadsheet will not be included in your grade in CengageNOW on this problem. Previous Check My Work 3 more Check My Work uses remaining. Email Instructor Save and Exit Submit Assignment for Grading All work saved.

My Home * CengageNOWv2 | Online teachi G benefits of being loyal - Google n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false еВook E Spreadsheet 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 liabilities of the business on November 1, 2019, are as follows: Cash, $17,220; Accounts Receivable, $35,260; Supplies, $3,280; Land, $41,000; Accounts payable, $14,760. Business transactions during November are summarized as follows: la. Beverly Zahn invested additional cash in the business with a deposit of $32,000 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 $16,100. c. Paid rent for the month, $11,810. d. Charged customers for dry cleaning revenue on account, $33,460. e. Paid creditors on account, $13,780. f. Purchased supplies on account, $5,900. g. Received cash from cash customers for dry cleaning revenue, $31,490. h. Received cash from customers on account, $39,360. i. Received monthly invoice for dry cleaning expense for November (to be paid on December 10), $15,740. j. Paid the following: wages expense, $8,660; truck expense, $3,150; utilities expense, $3,350; miscellaneous expense, $1,500. k. Determined that the cost of supplies on hand was $7,800; therefore, the cost of supplies used during the month was $1,380. 1. Withdrew $9,100 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 part 2. Click on the Spreadsheet icon above to open and save the Excel file to your computer. Your input into the spreadsheet will not be included in your grade in CengageNOW on this problem. Previous Check My Work 3 more Check My Work uses remaining. Email Instructor Save and Exit Submit Assignment for Grading All work saved.

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1TCL: CONDUCTING A FINANCIAL RATIO ANALYSIS ON HP INC. Use online resources to work on this chapters...

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