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Required information [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. Kacy Spade, owner, invested $17,750 cash in
Required information
[The following information applies to the questions displayed below.]
The transactions of Spade Company appear below.
- Kacy Spade, owner, invested $17,750 cash in the company in exchange for common stock.
- The company purchased office supplies for $515 cash.
- The company purchased $9,816 of office equipment on credit.
- The company received $2,095 cash as fees for services provided to a customer.
- The company paid $9,816 cash to settle the payable for the office equipment purchased in transaction c.
- The company billed a customer $3,763 as fees for services provided.
- The company paid $535 cash for the monthly rent.
- The company collected $1,580 cash as partial payment for the account receivable created in transaction f.
- The company paid $800 cash in dividends to the owner (sole shareholder).
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