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[The following information applies to the questions displayed below.] The transactions of Spade Company appear below. Kacy Spade, owner, invested $11,500 cash in the company
[The following information applies to the questions displayed below.] The transactions of Spade Company appear below. Kacy Spade, owner, invested $11,500 cash in the company in exchange for common stock. The company purchased supplies for $334 cash. The company purchased $6,360 of equipment on credit. The company received $1,357 cash for services provided to a customer. The company paid $6,360 cash to settle the payable for the equipment purchased in transaction c. The company billed a customer $2,438 for services provided. The company paid $525 cash for the monthly rent. The company collected $1,024 cash as partial payment for the account receivable created in transaction f. The company paid a $1,200 cash dividend to the owner (sole shareholder)
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