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Required information Use the following information for Exercises 13-14 below. (Algo) Skip to question [The following information applies to the questions displayed below.] The transactions
Required information
Use the following information for Exercises 13-14 below. (Algo)
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[The following information applies to the questions displayed below.] The transactions of Spade Company appear below.
- Kacy Spade, owner, invested $10,250 cash in the company in exchange for common stock.
- The company purchased supplies for $297 cash.
- The company purchased $5,668 of equipment on credit.
- The company received $1,210 cash for services provided to a customer.
- The company paid $5,668 cash to settle the payable for the equipment purchased in transaction c.
- The company billed a customer $2,173 for services provided.
- The company paid $520 cash for the monthly rent.
- The company collected $913 cash as partial payment for the account receivable created in transaction f.
- The company paid a $900 cash dividend to the owner (sole shareholder).
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