Question
Required information. The following information applies to the questions displayed below) The transactions of Spade Company appear below. a. K. Spade, ownet, invested $18,250
Required information. The following information applies to the questions displayed below) The transactions of Spade Company appear below. a. K. Spade, ownet, invested $18,250 cash in the company in exchange for common stock. b. The company purchased supplies for $529 cash. c. The company purchased $10,092 of equipment on credit. d. The company received $2.154 cash for services provided to a customer e. The company paid $10,092 cash to settle the payable for the equipment purchased in transaction c The company billed a customer $3,869 for services provided. g. The company paid $535 cash for the monthly rent h. The company collected $1,625 cash as partial payment for the account receivable created in transaction L. The company paid a $1,200 cash dividend to the owner (sole shareholder) Prepare the Trial Balance. Use May 31 as its report date. (Hint: Accounts must be listed in financial statement order: Assets first. followed by liabilities, equity, revenues and expenses.) SPADE COMPANY Trial Balance Cash Supples Equipment Cash Accounts payable Services revenue Rent expense Cash Dividends Totals May 31 Debit Credit $ 0 $
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