Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer is not complete The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $13,000 cash in the company. b. The company purchased

answer is not complete image text in transcribed
The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $13,000 cash in the company. b. The company purchased office supplies for $377 cash. c. The company purchased $7,189 of office equipment on credit. d. The company received $1,534 cash as fees for services provided to a customer. e. The company paid $7,189 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2.756 as fees for services provided. g. The company paid $535 cash for the monthly rent. h. The company collected $1,158 cash as partial payment for the account receivable created in transaction f. i. Kacy Spade withdrew $1,000 cash from the company for personal use. Prepare the Trial Balance. Use May 31 as its report date. Answer is not complete. Credit SPADE COMPANY Trial Balance May 31 Debit Cash Office supplies 377 Office equipment 7,189 Accounts receivable Accounts payable Fees earned Rent expense 535 K. Spade, Capital K. Spade. Withdrawals 1,000 OOOOOO $ 9 1015 Totals

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Quest For A Science Of AccountingAn Anthology Of The Research Of Robert R. Sterling

Authors: Thomas A. Lee, Peter W. Wolnizer

1st Edition

0367698196, 9780367698195

More Books

Students also viewed these Accounting questions