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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
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. 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 $515 cash for the monthly rent. h. The company collected $1,002 cash as partial payment for the account receivable created in transaction f i. K. Spade withdrew $900 cash from the company for personal use.
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