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Question 2 Laricepur, Inc.created a corporation providing legal services, Larkspur, Inc., on July 1, 2017. On July 31 the balance sheet showed: Cash 14,000; Accounts

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Question 2 Laricepur, Inc.created a corporation providing legal services, Larkspur, Inc., on July 1, 2017. On July 31 the balance sheet showed: Cash 14,000; Accounts Receivable 3.850; Sale $1540;tiquant 55,350; Accounts Payable $5,550: Common S 57,550; and Red Earrings $1,940. During August the following transactions curred Aug 1 Collected $1,030 of received from customers 4 Paid 12,700 cash for accounts payable 9 Performed services worth $5.610, of which $3,540 is collected in cash and the balance is due in September 15 Purchased additional office equipment for 14.350, paying 5440 in cash and the balance on account 19 Paidates $1,350, rent for August $650, and advertising expenses $300 23 Paid cash dividend of 5700 26 Borrowed 15.200 from American Feder Bank the money was borrowed on morth note pale. 31 Incurred my expenses for the month on 420 Assets Accounts Receivable. LARKSPUR, INC. Labies Stockholders' Equity Notes Payable Accounts Payable. Common Stock Retained Earnings. Surelles Equipment July 3 4 15 19 Series and Wages pense Advertising Expense 23 Dividende 26 31

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