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The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $15,500 cash in the company. b. The company purchased office supplies for $450
The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $15,500 cash in the company. b. The company purchased office supplies for $450 cash. c. The company purchased $8,572 of office equipment on credit. d. The company received $1,829 cash as fees for services provided to a customer. e. The company paid $8,572 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,286 as fees for services provided. g. The company paid $520 cash for the monthly rent. h. The company collected $1,380 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. Use May 31 as its report date. SPADE COMPANY Trial Balance May 31 Debit Credit Totals Accounts payable Accounts receivable Cash Fees earned K. Spade, Capital K. Spade, Capital K. Spade, Withdrawals Office equipment Office supplies Rent expense
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