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'The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $18,500 cash in the company in exchange for common stock. b. The company
'The transactions of Spade Company appear below. |
a. | Kacy Spade, owner, invested $18,500 cash in the company in exchange for common stock. |
b. | The company purchased office supplies for $537 cash. |
c. | The company purchased $10,231 of office equipment on credit. |
d. | The company received $2,183 cash as fees for services provided to a customer. |
e. | The company paid $10,231 cash to settle the payable for the office equipment purchased in transaction c. |
f. | The company billed a customer $3,922 as fees for services provided. |
g. | The company paid $520 cash for the monthly rent. |
h. | The company collected $1,647 cash as partial payment for the account receivable created in transaction f. |
i. | The company paid $900 cash in dividends to the owner (sole shareholder). |
Prepare the Trial Balance. |
I am having a hard time understanding how to do this trial balance. Can you help me? Thank you. |
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