Question
The transactions of Spade Company: a. Kacy Spade, owner, invested $14,250 cash in the company. b. The company purchased office supplies for $413 cash. c.
The transactions of Spade Company:
a. Kacy Spade, owner, invested $14,250 cash in the company.
b. The company purchased office supplies for $413 cash.
c. The company purchased $7,880 of office equipment on credit.
d. The company received $1,682 cash as fees for services provided to a customer.
e. The company paid $7,880 cash to settle the payable for the office equipment purchased in transaction c.
f. The company billed a customer $3,021 as fees for services provided.
g. The company paid $525 cash for the monthly rent.
h. The company collected $1,269 cash as partial payment for the account receivable created in transaction f.
i. Kacy Spade, withdrew $1,000 cash from the company for personal use.
Prepare the Trial Balance. (The items in the Trial Balance should be grouped as follows:Assets, Liabilities, Equity, Revenues, and Expenses.)
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