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I am trying to figure out how to prepare the trial balance trying to figure out what I am doing wrong? My choices to fill
I am trying to figure out how to prepare the trial balance trying to figure out what I am doing wrong?
My choices to fill in the left side of the chart are as follows: Accounts Payable, Accounts receivable, cash, common stock, Dividends, Equipment, Rent Expense, Services Revenue, & Supplies.
Required information [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $11,250 cash in the company in exchange for common stock. b. The company purchased supplies for $326 cash. c. The company purchased $6,221 of equipment on credit. d. The company received $1,328 cash for services provided to a customer. e. The company paid $6,221 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $2,385 for services provided. g. The company paid $530 cash for the monthly rent. h. The company collected $1,002 cash as partial payment for the account receivable created in transaction f. i. The company paid a $900 cash dividend to the owner (sole shareholder). Prepare the Trial Balance. Use May 31 as its report date. Note: Hint: Accounts must be listed in financial statement order: Assets first, followed by liabilities, equity, revenues and expenses. Trial Balance May 31
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