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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 $12,750 cash in the company
Exercise 2-10 Preparing a trial balance LO P2 The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $12,750 cash in the company in exchange for common stock. b. The company purchased office supplies for $370 cash. c. The company purchased $7,051 of office equipment on credit. d. The company received $1,505 cash as fees for services provided to a customer. e. The company paid $7,051 cash to settle the payable for the office equipment purchased in transaction c f. The company billed a customer $2,703 as fees for services provided. g. The company paid $510 cash for the monthly rent. h. The company collected $1,135 cash as partial payment for the account receivable created in transaction f. i. The company paid a $1,000 cash dividend to the owner (sole shareholder). Prepare the Trial Balance. Use May 31 as its report date
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