Designer Dry cleaning showed the following information for its first and second months just ended, March and April of 2020: April 30, March 31, Account Title 2020 2020 Cash 7,000 3,500 12,000 76,000...


Designer Dry cleaning showed the following information for its first and second months just ended, March and April of 2020:<br>April 30,<br>March 31,<br>Account Title<br>2020<br>2020<br>Cash<br>7,000<br>3,500<br>12,000<br>76,000<br>3,000<br>Cleaning supplies<br>Prepaid rent<br>Equipment<br>Accounts payable<br>Notes payable<br>Christopher Dior, capital*<br>900<br>16,000<br>30,000<br>500<br>700<br>40,000<br>15,000<br>*Christopher Dior made a $10,000 investment during March and had withdrawals of $1,000 in March and $25,100 in April.<br>Required:<br>Use the information provided to complete a statement of changes in equity and a balance sheet for each of March and April 2020.<br>DESIGNER DRYCLEANING<br>Statement of Changes in Equity<br>For Months Ended<br>April 30, 2020 March 31, 2020<br>Christopher Dior, capital, beginning<br>Total<br>

Extracted text: Designer Dry cleaning showed the following information for its first and second months just ended, March and April of 2020: April 30, March 31, Account Title 2020 2020 Cash 7,000 3,500 12,000 76,000 3,000 Cleaning supplies Prepaid rent Equipment Accounts payable Notes payable Christopher Dior, capital* 900 16,000 30,000 500 700 40,000 15,000 *Christopher Dior made a $10,000 investment during March and had withdrawals of $1,000 in March and $25,100 in April. Required: Use the information provided to complete a statement of changes in equity and a balance sheet for each of March and April 2020. DESIGNER DRYCLEANING Statement of Changes in Equity For Months Ended April 30, 2020 March 31, 2020 Christopher Dior, capital, beginning Total

Jun 10, 2022
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