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Trial Balance for the question below. Thank you! 16 Part 2 of 2 3.18 points eBook Hint print References Required information Use the following information
"Trial Balance" for the question below. Thank you!
16 Part 2 of 2 3.18 points eBook Hint print References Required information Use the following information for Exercises 13-14 below. (Static) [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $100,750 cash in the company in exchange for common stock. b. The company purchased supplies for $1,250 cash. c. The company purchased $10,050 of equipment on credit. d. The company received $15,500 cash for services provided to a customer. e. The company paid $10,050 cash to settle the payable for the equipment purchased in transaction c. f, The company billed a customer $2,700 for services provided. g. The company paid $1,225 cash for the monthly rent. h. The company collected $1,125 cash as partial payment for the account receivable created in transaction f i. The company paid a $10,000 cash dividend to the owner (sole shareholder). Exercise 2-14 (Static) Preparing a trial balance LO P1 Prepare the Trial Balance. Use May 31 as its report date. Note: Hint: Accounts must be listed in financial statement order: Assets first, followed by liabilities, equity, revenues and expenses. Accounts payable Totals SPADE COMPANY Trial Balance May 31 Debit Credit
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