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Exercise 2-10 Preparing a trial balance LO P2 The transactions of Spade Company appear below a. Kacy Spade, owner, invested $16,500 cash in the company

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Exercise 2-10 Preparing a trial balance LO P2 The transactions of Spade Company appear below a. Kacy Spade, owner, invested $16,500 cash in the company in exchange for common stock. b. The company purchased office supplies for $479 cash c. The company purchased $9,125 of office equipment on credit. d. The company received $1,947 cash as fees for services provided to a customer e. The company paid $9,125 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,498 as fees for services provided g. The company paid $515 cash for the monthly rent. h. The company collected $1,469 cash as partial payment for the account receivable created in transaction f i. The company paid $800 cash in dividends to the owner (sole shareholder) Prepare the Trial Balance SPADE COMPANY Trial Balance May 31, 2017 Debit Credit ash Accounts receivable Office supplies Office equipment Accounts payable Common stock vidends ees earned ent expense Totals

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