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Use the following information for Exercises 1 3 - 1 4 below. ( Algo ) [ The following information applies to the questions displayed below.
Use the following information for Exercises below. Algo
The following information applies to the questions displayed below.
The transactions of Spade Company appear below.
a K Spade, owner, invested $ cash in the company in exchange for common stock.
b The company purchased supplies for $ cash.
c The company purchased $ of equipment on credit.
d The company received $ cash for services provided to a customer.
e The company paid $ cash to settle the payable for the equipment purchased in transaction
f The company billed a customer $ for services provided.
g The company paid $ cash for the monthly rent.
h The company collected $ cash as partial payment for the account receivable created in transaction
i The company paid a $ cash dividend to the owner sole shareholder
Exercise Algo Preparing a trial balance LO P
Prepare the Trial Balance. Use May as its report date.
Note: Hint: Accounts must be listed in financial statement order: Assets first, followed by liabilities, equity, revenues an expenses.
tableSPADE COMPANYTrial BalanceMay Debit,CreditCashAccounts receivable,
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