Question
The transactions of Spade Company: a. Kacy Spade, owner, invested $10,500 cash in the company in exchange for common stock. b. The company purchased office
The transactions of Spade Company: |
|
a. | Kacy Spade, owner, invested $10,500 cash in the company in exchange for common stock. |
b. | The company purchased office supplies for $305 cash. |
c. | The company purchased $5,807 of office equipment on credit. |
d. | The company received $1,239 cash as fees for services provided to a customer. |
e. | The company paid $5,807 cash to settle the payable for the office equipment purchased in transaction c. |
f. | The company billed a customer $2,226 as fees for services provided. |
g. | The company paid $530 cash for the monthly rent. |
h. | The company collected $935 cash as partial payment for the account receivable created in transaction f. |
i. | The company paid $1,100 cash in dividends to Spade |
Prepare a Trial Balance. |
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