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Larkspur, Inc. was organized on July 1, 2022. Quarterly financial statements are prepared. Information from the unadjusted and adjusted tabular summary on September 30, 2022
Larkspur, Inc. was organized on July 1, 2022. Quarterly financial statements are prepared. Information from the unadjusted and adjusted tabular summary on September 30, 2022 is shown as follows. The $13,912 in the revenue column includes Service Revenue: $13,254 and Rent Revenue: $658. The $9,557 in the expense column includes salaries and Wages $8,272, Rent $846, and Utilities $439 Assets Liabilities Accts. Rec Cash Acc. Depr Equip Prepd. Rent + Supplies + Notes Pay + Equip Accts. Pay Sal/Wages Pay. + Int. + Pay + + Bal 6,298 376 + 1.128 1,692 + 14,100 0- 4,700 + 1,003 + 0 + 0 Adj. 1. Adj. 2 Adj. 3. Adj. 4 Adj. S. Adj. 6. Adj. 7 Adj. Bal. 6,298 + 940- 172 846 + 14,100 329 - 4,700 1,003 + 564 + 47 Record the adjustments that were made. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Accts. Rec. Prepd. Rent Cash Supplies Bal 6,298 376 1.128 Adj. 1. Adj.2 Adj. 3. Ad 4. Adj, 5. Adj. 6. Adj. 7 Adj. Bal 6,298 940 172 Larkspur, Inc. was organized on July 1, 2022. Quarterly financial statements are prepared. Information from the unadjusted and adjusted tabular summary on September 30, 2022 is shown as follows. The $13,912 in the revenue column includes Service Revenue: $13,254 and Rent Revenue: $658. The $9,557 in the expense column includes salaries and Wages $8,272, Rent $846, and Utilities $439 Assets Liabilities Accts. Rec Cash Acc. Depr Equip Prepd. Rent + Supplies + Notes Pay + Equip Accts. Pay Sal/Wages Pay. + Int. + Pay + + Bal 6,298 376 + 1.128 1,692 + 14,100 0- 4,700 + 1,003 + 0 + 0 Adj. 1. Adj. 2 Adj. 3. Adj. 4 Adj. S. Adj. 6. Adj. 7 Adj. Bal. 6,298 + 940- 172 846 + 14,100 329 - 4,700 1,003 + 564 + 47 Record the adjustments that were made. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Accts. Rec. Prepd. Rent Cash Supplies Bal 6,298 376 1.128 Adj. 1. Adj.2 Adj. 3. Ad 4. Adj, 5. Adj. 6. Adj. 7 Adj. Bal 6,298 940 172
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