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Could you show how you got each value? Required Information Use the following Information for Exercises 13-14 below. (Static) [The following information applies to the
Could you show how you got each value?
Required Information Use the following Information for Exercises 13-14 below. (Static) [The following information applies to the questions displayed below.) The transactions of Spade Company appear below. a. Kacy Spade, owner, Invested $100,750 cash in the company in exchange for common stock. b. The company purchased supplies for $1.250 cash. c. The company purchased $10.050 of equipment on credit. d. The company received $15,500 cash for services provided to a customer. e. The company paid $10,050 cash to settle the payable for the equipment purchased in transaction f. The company billed a customer $2,700 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. 1. The company paid a $10,000 cash dividend to the owner (sole shareholder). Exercise 2-14 (Static) 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 Cash Accounts receivable Supplies Equipment Accounts payable Common stock Dividends Services revenue Rent expense Totals S $ 0Step by Step Solution
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