cash + accounts receivable + Supplies + land =

Jul-01 45,000,000.00 93,000,000.00 7,000,000.00 75,000,000.00

a. 35,000,000.00
b. - 50,000,000.00 50,000,000.00
c. 32,125,000.00
d. - 6,000,000.00
e. 2,500,000.00
f. - 22,800,000.00
g. 84,750,000.00
h.
i. - 14,000,000.00
j. 88,000,000.00 - 88,000,000.00
k. - 3,600,000.00
l. - 12,000,000.00
95,325,000.00 89,750,000.00 5,900,000.00 125,000,000.00
Assest =
315,975,000.00 =

ANSWER
A. 180000000
B.
s
 A

Accounts Payable + Kilap Dry Cleaners capital - Drawing + Service Revenue -

40,000,000.00 180,000,000.00
35,000,000.00

32,125,000.00

2,500,000.00
- 22,800,000.00
84,750,000.00
29,500,000.00

12,000,000.00
49,200,000.00 215,000,000.00 - 12,000,000.00 116,875,000.00
Liabilities + Owner's Equity
49,200,000.00 + 266,775,000.00
Rent Expense - Dry Cleaning Expense - Wages Expense - Truck expense - Utilities expense

6,000,000.00

29,500,000.00
7,500,000.00 2,500,000.00 1,300,000.00

- 6,000,000.00 - 29,500,000.00 - 7,500,000.00 - 2,500,000.00 - 1,300,000.00

- Misc Exp - Supplies Exp

2,700,000.00

3,600,000.00

- 2,700,000.00 - 3,600,000.00
 KILAP DRY CLEANER
INCOME STATEMENT
31-Jul-15
Add
Revenue 116,875,000.00
Less
Rent expense - 6,000,000.00
Dry Cleaning expense - 29,500,000.00
Wages expense - 7,500,000.00
Truck expense - 2,500,000.00
Utilities expense - 1,300,000.00
Misc expense - 2,700,000.00
Supplies expense - 3,600,000.00
Total expense - 53,100,000.00
Net Income 63,775,000.00
 KILAP DRY CLEANERS
STATEMENT OF OWNER'S EQUITY
31-Jul-15
Owner's Equity on early period 180,000,000.00
add:
Investment 35,000,000.00
Net income 63,775,000.00
98,775,000.00
Less:
Drawing - 12,000,000.00
- 12,000,000.00
Owner's Equity on end of period 266,775,000.00
 KILAP DRY CLEANERS
BALANCE SHEET
31-Jul-15
Assets
Cash 95,325,000.00
Account Receivable 89,750,000.00
Supplies 5,900,000.00
Land 125,000,000.00
Total Assets 315,975,000.00

Liabilities and Equity

Liabilities
Accounts payable 49,200,000.00
49,200,000.00
Equity
Owners Equity 266,775,000.00
266,775,000.00
315,975,000.00