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The transactions of Dexter Company: a. Macy Dexter, owner, invested $16,250 cash in the company. b. The company purchased office supplies for $471 cash. c.

The transactions of Dexter Company:
a. Macy Dexter, owner, invested $16,250 cash in the company.
b. The company purchased office supplies for $471 cash.
c. The company purchased $8,986 of office equipment on credit.
d. The company received $1,918 cash as fees for services provided to a customer.
e.

The company paid $8,986 cash to settle the payable for the office equipment purchased in transaction c.

f. The company billed a customer $3,445 as fees for services provided.
g. The company paid $515 cash for the monthly rent.
h.

The company collected $1,447 cash as partial payment for the account receivable created in transaction f.

i. Macy Dexter withdrew $900 cash from the company for personal use.


Prepare the Trial Balance. Use May 31, 2011, as its report date. (The items in the Trial Balance should be grouped as follows: Assets, Liabilities, Equity, Revenues, and Expenses. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

DEXTER COMPANY
Trial Balance
May 31, 2011 Debit Credit

$

$


Totals $




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