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Required information [The following information applies to the questions displayed below.) The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $14,250 cash
Required information [The following information applies to the questions displayed below.) The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $14,250 cash in the company in exchange for common stock. b. The company purchased office supplies for $413 cash. c. The company purchased $7,880 of office equipment on credit. d. The company received $1,682 cash as fees for services provided to a customer. e. The company paid $7,880 cash to settle the payable for the office equipment purchased in transaction C. f. The company billed a customer $3,021 as fees for services provided. g. The company paid $525 cash for the monthly rent. h. The company collected $1,269 cash as partial payment for the account receivable created in transaction f. i. The company paid $1,000 cash in dividends to the owner (sole shareholder). Prepare the Trial Balance. ! Required information Answer is not complete. SPADE COMPANY Trial Balance May 31, 2018 Debit Credit $ 7,383 1,752 413 7,880 Cash Accounts receivable Office supplies Office equipment Common stock Dividends Accounts payable Rent expense 14,250 1,000 4,703 X 525 Totals $ 18,953 $ 18,953
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