Summary Financial Data For Nu-Look Dry Cleaning Co. – November

Answer:
Solution 1:
 
Assets
 = Liabilities + Owner’s Equity
 
Cash
+ Supplies
+ Equipment
 = Accounts Payable
+ Capital
-1
50000
0
0
0
50000
-2
-27000
0
27000
0
0
Balance
23000
0
27000
0
50000
-3
-2000
2000
0
0
0
Balance

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