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a Kacy Spade, owner, invested $100,750 cash in the company in exchange for common stock b. The company purchased office supplies for $1,250 cash C.
a Kacy Spade, owner, invested $100,750 cash in the company in exchange for common stock b. The company purchased office supplies for $1,250 cash C. The company purchased $10,050 of office equipment on credit d. The company received $15,500 cash as fees for services provided to a customer. e. The company paid $10,050 cash to settle the payable for the office equipment purchased in transaction c. f The company billed a customer $2,700 as fees for services provided g. The company paid $1.225 cash for the monthly rent. h. The company collected $1,125 cash as partial payment for the account receivable created in transaction f i. The company paid $10,000 cash in dividends to the owner (sole shareholder) Check Cash ending balance, $94,850 Prepare the Trial Balance SPADE COMPANY Trial Balance May 31, 2016 Debit Credit $94,850 Cash Common stock Office supplies Office equipment Fees earned 100,750 1,250 10,050 Totals $ 121,650 S 100.750 Type here to search
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