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On November 1 , 2 0 2 2 , the account balances of Larkspur, Inc. were as follows. No . Debits No . Credits 1
On November the account balances of Larkspur, Inc. were as follows.
No
Debits
No
Credits
Cash
$
Accumulated DepreciationEquipment
$
Accounts Receivable
Accounts Payable
Supplies
Unearned Service Revenue
Equipment
Salaries and Wages Payable
Common Stock
Retained Earnings
$ $
During November, the following summary transactions were completed.
Nov. Paid $ for salaries due employees, of which $ is for October salaries.
Received $ cash from customers on account.
Received $ cash for services performed in November.
Purchased equipment on account $
Purchased supplies on account $
Paid creditors on account $
Paid November rent $
Paid salaries $
Performed services on account and billed customers $ for these services.
Received $ from customers for future service. Adjustment data consist of:
Supplies on hand $
Accrued salaries payable $
Depreciation for the month is $
Services related to unearned service revenue of $ were performed.Prepare an income statement for November
Larkspur, Inc.
Income Statement
November
$
$
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