Bev’s Dry Cleaners is owned and operated by Beverly Zahn

By admin / June 24, 2020

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 at wholesale rates. The assets and the liabilities of the business on November 1 2016 are as follows: Cash $39000; Accounts Receivable $80000; Supplies $11000; Land $50000; Accounts Payable $31500. Business transactions during November are summarized as follows: Required: 1. Determine the amount of Beverly Zahn’s capital as of November 1. $

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