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The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $12,500 cash in the company in exchange for common stock. b. The company
The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $12,500 cash in the company in exchange for common stock. b. The company purchased office supplies for $363 cash. c. The company purchased $6,913 of office equipment on credit. d. The company received $1,475 cash as fees for services provided to a customer. e. The company paid $6,913 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2,650 as fees for services provided. g. The company paid $525 cash for the monthly rent. h. The company collected $1,113 cash as partial payment for the account receivable created in transaction f. 1. The company paid $1,200 cash in dividends to the owner (sole shareholder). 3:19 Prepare the Trial Balance SPADE COMPANY Trial Balance May 31, 2017 Debit Credit Totals $ 0 $ 0
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