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The transactions of Spade Company appear below. a. Kacy Spade, owner, Invested $16,500 cash in the company in exchange for common stock. b. The
The transactions of Spade Company appear below. a. Kacy Spade, owner, Invested $16,500 cash in the company in exchange for common stock. b. The company purchased office supplies for $479 cash. c. The company purchased $9,125 of office equipment on credit. d. The company received $1,947 cash as fees for services provided to a customer. e. The company paid $9,125 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,498 as fees for services provided. g. The company paid $515 cash for the monthly rent. h. The company collected $1,469 cash as partial payment for the account receivable created in transaction f. 1. The company paid a $1,200 cash dividend to the owner (sole shareholder). Prepare the Trial Balance. Use May 31 as its report date. Totals SPADE COMPANY Trial Balance May 31 Debit Credit $ 0 S 0
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