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4:06 a. Kacy Spade, owner, invested $12,000 cash in the company in exchange for common stock. b. The company purchased office supplies for $348 cash.
4:06 a. Kacy Spade, owner, invested $12,000 cash in the company in exchange for common stock. b. The company purchased office supplies for $348 cash. c. The company purchased $6,636 of office equipment on credit. d. The company received $1,416 cash as fees for services provided to a customer. e. The company paid $6,636 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2,544 as fees for services provided. g. The company paid $525 cash for the monthly rent. h. The company collected $1,068 cash as partial payment for the account receivable created in transaction f i. The company paid a $1,200 cash dividend to the owner (sole shareholder). Prepare the Trial Balance. Use May 31 as its report date. SPADE COMPANY Trial Balance Cash Office supplies Office equipment Accounts receivable Accounts payable Dividends Common stock Fees earned Rent expense Totals May 31 Debit Credit
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