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On November 1, 2025, Larkspur Inc. had the following account balances. The company uses the perpetual inventory method. During November, the following summary transactions were

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On November 1, 2025, Larkspur Inc. had the following account balances. The company uses the perpetual inventory method. During November, the following summary transactions were completed. Nov. 8 Paid $6,390 for salaries due employees, of which $3,330 is for November and $3,060 is for October. 10 Received $3,420 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $14,400, terms 2/10,n/30. 12 Sold merchandise on account for $9,900, terms 2/10,n/30. The cost of the merchandise sold was $7,200. 15 Received credit from Dimas Discount Supply for merchandise returned $500. 19 Received collections in full, less discounts, from customers billed on sales of $9,900 on November 12. 20 Paid Dimas Discount Supply in full, less discount. 22 Received $4,140 cash for services performed in November. 25 Purchased equipment on account $9,000. 27 Purchased supplies on account $3,060. 28 Paid creditors $5,400 of accounts payable due. 29 Paid November rent $675. 29 Paid salaries $2,340. 29 Performed services on account and billed customers $1,260 for those services. 29 Received $1,215 from customers for services to be performed in the future. Prepare a classified balance sheet at November 30. (List Current Assets in order of liquidity.) LARKSPUR Balance Sheet Assets $ $ Adjustment data: 1. Supplies on hand are valued at $2,880. 2. Accrued salaries payable are $900. 3. Depreciation for the month is $450. 4. $1,170 of services related to the unearned service revenue has not been performed by month-end. On November 1, 2025, Larkspur Inc. had the following account balances. The company uses the perpetual inventory method. During November, the following summary transactions were completed. Nov. 8 Paid $6,390 for salaries due employees, of which $3,330 is for November and $3,060 is for October. 10 Received $3,420 cash from customers in payment of account. 11 Purchased merchandise on account from Dimas Discount Supply for $14,400, terms 2/10,n/30. 12 Sold merchandise on account for $9,900, terms 2/10,n/30. The cost of the merchandise sold was $7,200. 15 Received credit from Dimas Discount Supply for merchandise returned $500. 19 Received collections in full, less discounts, from customers billed on sales of $9,900 on November 12. 20 Paid Dimas Discount Supply in full, less discount. 22 Received $4,140 cash for services performed in November. 25 Purchased equipment on account $9,000. 27 Purchased supplies on account $3,060. 28 Paid creditors $5,400 of accounts payable due. 29 Paid November rent $675. 29 Paid salaries $2,340. 29 Performed services on account and billed customers $1,260 for those services. 29 Received $1,215 from customers for services to be performed in the future. Prepare a classified balance sheet at November 30. (List Current Assets in order of liquidity.) LARKSPUR Balance Sheet Assets $ $ Adjustment data: 1. Supplies on hand are valued at $2,880. 2. Accrued salaries payable are $900. 3. Depreciation for the month is $450. 4. $1,170 of services related to the unearned service revenue has not been performed by month-end

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