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[The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $13,000 cash in the
[The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $13,000 cash in the company in exchange for common stock. b. The company purchased supplies for $377 cash. c. The company purchased $7,189 of equipment on credit. d. The company received $1,534 cash for services provided to a customer. e. The company paid $7,189 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $2,756 for services provided. g. The company paid $515 cash for the monthly rent. h. The company collected $1,158 cash as partial payment for the account recelvable created in transaction f. i. The company paid a $1,000 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, (ollowed by liabilities, equity, revenues and expenses.)
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