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a. Kacy Spade, owner, invested $18,750 cash in the company in exchange for common stock b. The company purchased office supplies for $544 cash. c.
a. Kacy Spade, owner, invested $18,750 cash in the company in exchange for common stock b. The company purchased office supplies for $544 cash. c. The company purchased $10,369 of office equipment on credit. d. The company received $2,213 cash as fees for services provided to a customer. e. The company paid $10,369 cash to settle the payable for the office equipment purchased in transactionc f. The company billed a customer $3,975 as fees for services provided g. The company paid $525 cash for the monthly rent. h. The company collected $1,670 cash as partial payment for the account receivable created in transaction f. The company paid a $900 cash dividend to the owner (sole shareholder). Prepare the Trial Balance. Use May 31 as its report date. SPADE COMPANY Trial Balance May 31 Debit Credit 18.750 Cash Accounts receivable Accounts payable Common stock Office supplies Office equipment Fees earned Dividends Rent expense - | 900 Totals 9005 18.750
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