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6 rt 2 of 2 mts Required information [The following information applies to the questions displayed below.) The transactions of Spade Company appear below. a.
6 rt 2 of 2 mts Required information [The following information applies to the questions displayed below.) The transactions of Spade Company appear below. a. Kacy Spade, owner, Invested $14,500 cash in the company in exchange for common stock. b. The company purchased supplies for $421 cash c. The company purchased $8,019 of equipment on credit. d. The company received $1,711 cash for services provided to a customer. e. The company paid $8,019 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $3,074 for services provided. g. The company paid $520 cash for the monthly rent. h. The company collected $1.291 cash as partial payment for the account receivable created in transaction 1. The company paid a $900 cash dividend to the owner (sole shareholder). Bos Hint References Prepare the Trial Balance. Use May 31 as its report date. Required information Prepare the Trial Balance. Use May 31 as its report date. 2. SPADE COMPANY Trial Balance May 31 Debit Credit ncos Totals $ 0 $ 0
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