Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Saved 2 Homework a. Kacy Spade, owner, invested $100,750 cash in the company in exchange for common stock. b. The company purchased office supplies for
Saved 2 Homework a. Kacy Spade, owner, invested $100,750 cash in the company in exchange for common stock. b. The company purchased office supplies for $1,250 cash. c. The company purchased $10,050 of office equipment on credit d. The company received $15,500 cash as fees for services provided to a customer. e. The company paid $10,050 cash to settle the payable for the office equipment purchased in transactions f. The company billed a customer $2,700 as fees for services provided. 9. The company paid $1.225 cash for the monthly rent. h. The company collected $1.125 cash as partial payment for the account receivable created in transaction 1. 1. The company paid a $10,000 cash dividend to the owner (sole shareholder). Prepare the Trial Balance. Use May 31 as its report date. SPADE COMPANY Trial Balance May 31 Debit Credit Totals $ 0$ 0 90 888 F4 FS DI 98 DD 39 FO 57
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started