Question
The transactions of Spade Company: a. Kacy Spade, owner, invested $16,250 cash in the company in exchange for common stock. b. The company purchased office
The transactions of Spade Company: a. Kacy Spade, owner, invested $16,250 cash in the company in exchange for common stock. 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 $510 cash for the monthly rent. h. The company collected $1,447 cash as partial payment for the account receivable created in transaction f. i. The company paid $900 cash in dividends to Spade
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