Larkspur Inc S General Ledger At April 30 2017 Included The Following Cash 6 100 Supplies 610 Equipment 29 280 1 (38.54 KiB) Viewed 53 times
Larkspur Inc S General Ledger At April 30 2017 Included The Following Cash 6 100 Supplies 610 Equipment 29 280 2 (54.1 KiB) Viewed 53 times
Larkspur, Inc's general ledger at April 30, 2017, included the following: Cash $6,100, Supplies $610, Equipment $29,280, Accounts Payable $2,560, Notes Payable $12,200, Unearned Service Revenue (from gift certificates) $1,220, Common Stock $6,100, and Retained Earnings $13,910. The following events and transactions occurred during May. May 1 Paid rent for the month of May $1,220. 4 Paid $1,340 of the account payable at April 30. Issued gift certificates for future services for $1,830 cash. 8 Received $1,460 cash from customers for services performed. 14 Paid $1,460 in salaries to employees. 15 Received $980 in cash from customers for services performed. 15 Customers receiving services worth $850 used gift certificates in payment. 21 Paid the remaining accounts payable from April 30. 22 Received $1,220 in cash from customers for services performed. 22 Purchased supplies of $850 on account. All of these were used during the month. 25 Received a bill for advertising for $610. This bill is due on June 13. Received and paid a utilities bill for $490. 7 25
Received $1,220 in cash from customers for services performed. 22 Purchased supplies of $850 on account. All of these were used during the month. 25 Received a bill for advertising for $610. This bill is due on June 13. Received and paid a utilities bill for $490. 29 Received $2,070 in cash from customers for services performed. 29 Customers receiving services worth $730 used gift certificates in payment. 31 Interest of $60 was paid on the note payable. 31 Paid $1,460 in salaries to employees. Paid income tax payment for the month $180. (a) Using T-accounts, enter the beginning balances in the general ledger as of April 30, 2017. 22 25 31
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