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Nona Curry started her own consulting firm, Larkspur, Inc. on May 1, 2022. The following transactions occurred during the month of May May 1
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 $18,150 cash in the business in exchange for common stock. 2 Paid $726 for office rent for the month. 3 Purchased $605 of supplies on account. 5 Paid $182 to advertise in the County News. 9 Received $1,694 cash for services performed. 12 Paid $242 cash dividend. 15 Performed $5,082 of services on account. 17 Paid $3,025 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1,452 for services performed on account on May 15. 26 Borrowed $6,050 from the bank on a note payable. 29 Purchased office equipment for $2,420 paying $242 in cash and the balance on account. 30 Paid $218 for utilities.
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