Question: I need a balance sheet for this Nona Curry started her own consulting firm, Larkspur, Inc., on May 1, 2022. The following transactions occurred during
I need a balance sheet for this
Nona Curry started her own consulting firm, Larkspur, Inc., on May 1, 2022. The following transactions occurred during the month of May.
| May 1 | Stockholders invested $20,550 cash in the business in exchange for common stock. | |
| 2 | Paid $822 for office rent for the month. | |
| 3 | Purchased $685 of supplies on account. | |
| 5 | Paid $205 to advertise in the County News. | |
| 9 | Received $1,918 cash for services performed. | |
| 12 | Paid $274 cash dividend. | |
| 15 | Performed $5,754 of services on account. | |
| 17 | Paid $3,425 for employee salaries. | |
| 20 | Paid for the supplies purchased on account on May 3. | |
| 23 | Received a cash payment of $1,644 for services performed on account on May 15. | |
| 26 | Borrowed $6,850 from the bank on a note payable. | |
| 29 | Purchased office equipment for $2,740 paying $274 in cash and the balance on account. | |
| 30 | Paid $247 for utilities. |
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