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The transactions of Spade Company appear below. K. Spade, owner, invested $100,750 cash in the company in exchange for common stock. The company purchased supplies

The transactions of Spade Company appear below.

  1. K. Spade, owner, invested $100,750 cash in the company in exchange for common stock.
  2. The company purchased supplies for $1,250 cash.
  3. The company purchased $10,050 of equipment on credit.
  4. The company received $15,500 cash for services provided to a customer.
  5. The company paid $10,050 cash to settle the payable for the equipment purchased in transaction c.
  6. The company billed a customer $2,700 for services provided.
  7. The company paid $1,225 cash for the monthly rent.
  8. The company collected $1,125 cash as partial payment for the account receivable created in transaction f.
  9. The company paid a $10,000 cash dividend to the owner (sole shareholder).

Prepare the Trial Balance. Use May 31 as its report date.

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