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Nancy Tercek started a delivery service, Larkspur, Inc., on June 1, 2022. The following transactions occurred during the month of June. June 1 2 3
Nancy Tercek started a delivery service, Larkspur, Inc., on June 1, 2022. The following transactions occurred during the month of June. June 1 2 3 5 9 12 15 Stockholders invested $16,400 cash in the business in exchange for common stock. Purchased a used van for deliveries for $14,000. Nancy paid $3,800 cash and signed a note payable for the remaining balance. Paid $700 for office rent for the month. Performed $4,900 of services on account. Declared and paid $300 in cash dividends. Purchased supplies for $300 on account. Received a cash payment of $1.200 for services performed on June 5. Purchased gasoline for $300 on account. Received $1,300 cash for services performed. Made a cash payment of $500 on the note payable. Paid $250 for utilities 29 Paid for the gasoline purchased on account on June 17. Paid $2,820 for employee salaries. 17 20 23 a 26 30 Prepare a balance sheet at June 30, 2022. (List Assets in order of liquidity.) Larkspur, Inc. Balance Sheet Assets $ $ Liabilities and Stockholders' Equity $ Liabilities and Stockholders' Equity $ $
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