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On August 31, the balance sheet of Larkspur, Inc. showed Cash $10,000, Accounts Receivable $2,700, Supplies $600, Equipment $6,000, Accounts Payable $4,600, Common Stock $14.000,

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On August 31, the balance sheet of Larkspur, Inc. showed Cash $10,000, Accounts Receivable $2,700, Supplies $600, Equipment $6,000, Accounts Payable $4,600, Common Stock $14.000, and Retained Earnings $700. During September, the following transactions occurred. 1. 2. 3. 4. 5. .6. 7. 8. Paid $2,350 cash for accounts payable due. Collected $1.900 of accounts receivable. Purchased additional equipment for $1,750, paying $700 in cash and the balance on account Recognized revenue of $8,800, of which $2,350 is collected in cash and the balance is due in October Declared and paid a $2,400 cash dividend, Paid salaries $2,250, rent for September $1,050, and advertising expense $100. Incurred utilities expense for month on account $320. Received $10,000 from Capital Bank on a 6-month note payable. (a) Prepare a tabular analysis of the September transactions beginning with August 31 balances. (If a transaction causes 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. See Illustration 1-8 for example.) Assets Cash Accounts Receivable Supplies Equ Bal. $ $ 1. 2. 4. 5. -/1 2. 3 4. 5. 6. 7. 8. (a) Prepare a tabular analysis of the September transactions beginning with August 31 balances. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.) Larkspur, Inc. Liabilities Equipment Notes Payable Accounts Payable Common Stock (a) Prepare a tabular analysis of the September transactions beginning with August 31 balances. (If a transaction causes 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. See Illustration 1-8 for example.) Stockholders' Equity Retained Earnings Revenues Expenses Dividends $ Salaries and wages exp Rent expense Advertising expense $

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