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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 $14,000 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 $14,000 cash in the company in exchange for common stock. b. The company purchased office supplies for $406 cash. c. The company purchased $7,742 of office equipment on credit. d. The company received $1,652 cash as fees for services provided to a customer. e. The company paid $7,742 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2,968 as fees for services provided. g. The company paid $535 cash for the monthly rent. h. The company collected $1,247 cash as partial payment for the account receivable created in transaction f. 1. The company paid a $1,100 cash dividend to the owner (sole shareholder). Prepare the Trial Balance. Use May 31 as its report date. SPADE COMPANY Trial Balance May 31 Debit Credit i. The company paid a $1,100 cash dividend to the owner (sole shar Prepare the Trial Balance. Use May 31 as its report date. SPADE COMPANY Trial Balance May 31 Debit Credit s Totals $ 0 $ 0

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