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The transactions of Spade Company appear below. a. K. Spade, owner, invested $11,250 cash in the company in exchange for common stock. b. The
The transactions of Spade Company appear below. a. K. Spade, owner, invested $11,250 cash in the company in exchange for common stock. b. The company purchased supplies for $326 cash. c. The company purchased $6,221 of equipment on credit. d. The company received $1,328 cash for services provided to a customer. e. The company paid $6,221 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $2,385 for services provided. g. The company paid $535 cash for the monthly rent. h. The company collected $1,002 cash as partial payment for the account receivable created in transaction f. i. The company paid a $1,000 cash dividend to the owner (sole shareholder).
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