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C onfused on how to do this. Please explain as clear as possible. Thanks! Required information Use the following information for Exercises 13-14 below. (Algo)
Confused on how to do this. Please explain as clear as possible. Thanks!
Required information Use the following information for Exercises 13-14 below. (Algo) [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $15,500 cash in the company. b. The company purchased supplies for $450 cash. c. The company purchased $8,572 of equipment on credit. d. The company received $1,829 cash for services provided to a customer. e. The company paid $8,572 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $3,286 for services provided. g. The company paid $515 cash for the monthly rent. h. The company collected $1,380 cash as partial payment for the account receivable created in transaction f. i. K. Spade withdrew $800 cash from the company for personal use. Exercise 2-14 (Algo) Preparing a trial balance LO P1 Prepare the Trial Balance. Use May 31 as its report date. SPADE COMPANY Trial Balance May 31 Debit Credit: Totals $ 0 $ 0 SPADE COMPANY Trial Balance May 31 Debit Accounts payable Accounts receivable Cash Equipment K. Spade, Capital SEE Totals S 0 Exercise 2-14 (Algo) Preparing Prepare the Trial Balance. Use May 31 SPADE COMPANY Trial Balance May 31 D K. Spade, Capital K. Spade, Withdrawals Rent expense Services revenue Supplies Totals $Step by Step Solution
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