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HELP..... please see instructions below and my response. All that I have done is correct, but it is saying that answer is not complete. Can
HELP..... please see instructions below and my response. All that I have done is correct, but it is saying that answer is not complete. Can someone tell me what is missing.
The transactions of Spade Company appear below.
- Kacy Spade, owner, invested $14,500 cash in the company in exchange for common stock.
- The company purchased office supplies for $421 cash.
- The company purchased $8,019 of office equipment on credit.
- The company received $1,711 cash as fees for services provided to a customer.
- The company paid $8,019 cash to settle the payable for the office equipment purchased in transaction c.
- The company billed a customer $3,074 as fees for services provided.
- The company paid $535 cash for the monthly rent.
- The company collected $1,291 cash as partial payment for the account receivable created in transaction f.
- The company paid $900 cash in dividends to the owner (sole shareholder).
Prepare the Trial Balance.
Answer is not complete. SPADE COMPANY Trial Balance May 31, 2017 Debit Credit Cash $ 7,627 Accounts receivable 1,783 Office supplies 421 Office equipment 8,019 Common stock 14,500 Dividends 900 Fees earned 4,785 Rent expense 535 Totals $ 19,285 $ 19,285
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