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Mona Kamaka, CPA, was retained by Larkspur, Inc. to prepare financial statements for the month of March 2020. Mona accumulated all the ledger balances
Mona Kamaka, CPA, was retained by Larkspur, Inc. to prepare financial statements for the month of March 2020. Mona accumulated all the ledger balances from the business records and found the following: Larkspur, Inc. Trial Balance March 31, 2020 Debit Credit Cash $6,190 Accounts receivable 3,010 Supplies 770 Equipment 12,900 Accumulated depreciation-equipment $2.580 Accounts payable 5,120 Salaries and wages payable 520 Unearned revenue 1.290 Common shares 8,600 Retained earnings 3,570 Service revenue 6,880 Salaries and wages expense 3,100 Advertising expense 690 Utilities expense 270 Depreciation expense 600 Repairs and maintenance expense 1.030 $28.560 $28,560
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