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Exercise 2-10 Preparing a trial balance LO P2 The transactions of Spade Company: a. Kacy Spade, owner, invested $13,750 cash in the company. b. The
Exercise 2-10 Preparing a trial balance LO P2 The transactions of Spade Company: a. Kacy Spade, owner, invested $13,750 cash in the company. b. The company purchased office supplies for $399 cash. c. The company purchased $7,604 of office equipment on credit. d. The company received $1,623 cash as fees for services provided to a customer. e. The company paid $7,604 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2,915 as fees for services provided. g. The company paid $510 cash for the monthly rent. h. The company collected $1,224 cash as partial payment for the account receivable created in transaction f. i. Kacy Spade, withdrew $1,100 cash from the company for personal use. Prepare the Trial Balance. (The items in the Trial Balance should be grouped as follows: Assets, Liabilities, Equity, Revenues, and Expenses.)
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