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Help and explanation please! The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $12,500 cash in the company in exchange for common
Help and explanation please! The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $12,500 cash in the company in exchange for common stock. b. The company purchased office supplies for $363 cash. c. The company purchased $6,913 of office equipment on credit. d. The company received $1,475 cash as fees for services provided to a customer. e. The company paid $6,913 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2,650 as fees for services provided. g. The company paid $525 cash for the monthly rent. h. The company collected $1,113 cash as partial payment for the account receivable created in transaction f. i. 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 Cash Accounts receivable Office supplies Office equipment Accounts payable Common stock Dividends Fees earned Rent expense Totals $
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