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Check my work use the following information for Exercises 13-14 Delow. (Algo) [The following information applies to the questions displayed below.] The transactions of
Check my work use the following information for Exercises 13-14 Delow. (Algo) [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $15,250 cash in the company in exchange for common stock. b. The company purchased supplies for $442 cash. c. The company purchased $8,433 of equipment on credit. d. The company received $1,800 cash for services provided to a customer. e. The company paid $8,433 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $3,233 for services provided. g. The company paid $510 cash for the monthly rent. h. The company collected $1,358 cash as partial payment for the account receivable created in transaction f i. The company paid a $1,200 cash dividend to the owner (sole shareholder). Exercise 2-14 (Algo) Preparing a trial balance LO P1 Prepare the Trial Balance. Use May 31 as its report date. Note: Hint: Accounts must be listed in financial statement order: Assets first, followed by liabilities, equity, revenues and expenses.
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