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S a. Kacy Spade, owner, invested $18,250 cash in the company. b. The company purchased office supplies for $529 cash. c. The company purchased
S a. Kacy Spade, owner, invested $18,250 cash in the company. b. The company purchased office supplies for $529 cash. c. The company purchased $10,092 of office equipment on credit. d. The company received $2,154 cash as fees for services provided to a customer. e. The company paid $10,092 cash to settle the payable for the office equipment purchased in transaction c f. The company billed a customer $3,869 as fees for services provided. g. The company paid $530 cash for the monthly rent. h. The company collected $1,625 cash as partial payment for the account receivable created in transaction f i. Kacy Spade withdrew $1,000 cash from the company for personal use. Prepare the Trial Balance. Use May 31 as its report date. K. Spade, Capital SPADE COMPANY Trial Balance May 31 Debit Credit 18,250 Office supplies 529 Office equipment 10,092 Accounts payable Fees earned 3,869 Cash 7,724 Accounts receivable 2,244 Rent expense 530 K. Spade, Withdrawals 1,000 Totals $ 25,988 $ 18.250
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