Question
Kacy Spade, owner, invested $13,500 cash in the company in exchange for common stock. The company purchased office supplies for $392 cash. The company purchased
Kacy Spade, owner, invested $13,500 cash in the company in exchange for common stock. The company purchased office supplies for $392 cash. The company purchased $7,466 of office equipment on credit. The company received $1,593 cash as fees for services provided to a customer. The company paid $7,466 cash to settle the payable for the office equipment purchased in transaction c. The company billed a customer $2,862 as fees for services provided. The company paid $515 cash for the monthly rent. The company collected $1,202 cash as partial payment for the account receivable created in transaction f. The company paid a $900 cash dividend to the owner (sole shareholder). Prepare the Trial Balance. Use May 31 as its report date.
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