Question
The transactions of Spade Company appear below. Kacy Spade, owner, invested $18,250 cash in the company in exchange for common stock. The company purchased office
The transactions of Spade Company appear below.
Kacy Spade, owner, invested $18,250 cash in the company in exchange for common stock.
The company purchased office supplies for $529 cash.
The company purchased $10,092 of office equipment on credit.
The company received $2,154 cash as fees for services provided to a customer.
The company paid $10,092 cash to settle the payable for the office equipment purchased in transaction c.
The company billed a customer $3,869 as fees for services provided.
The company paid $515 cash for the monthly rent.
The company collected $1,625 cash as partial payment for the account receivable created in transaction f.
The company paid $900 cash in dividends to the owner (sole shareholder).
Prepare the Trial Balance.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started