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a. Kacy Spade, owner, invested $10,750 cash in the company. b. The company purchased office supplies for $312 cash. c. The company purchased $5,945 of
a. Kacy Spade, owner, invested $10,750 cash in the company. b. The company purchased office supplies for $312 cash. c. The company purchased $5,945 of office equipment on credit. d. The company received $1,269 cash as fees for services provided to a customer. e. The company paid $5,945 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2,279 as fees for services provided. g. The company paid $515 cash for the monthly rent. h. The company collected $957 cash as partial payment for the account receivable created in transaction f. i. Kacy Spade withdrew $1,200 cash from the company for personal use. Prepare the Trial Balance. Use May 31 as its report date. SPADE COMPANY Trial Balance May 31 Credit Debit 6,034 $ 312 Cash Office supplies Office equipment Accounts receivable Accounts payable 5,945 Fees earned Rent expense 10,750 K. Spade, Capital K. Spade, Withdrawals 1,200 Totals $ 13,491 $ 10,750
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