Question
Use the following information for Exercises 13-14 below. (Algo) Check m [The following information applies to the questions displayed below.] The transactions of Spade
Use the following information for Exercises 13-14 below. (Algo) Check m [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $19,250 cash in the company. b. The company purchased supplies for $558 cash. c. The company purchased $10,645 of equipment on credit. d. The company received $2,272 cash for services provided to a customer. e. The company paid $10,645 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $4,081 for services provided. g. The company paid $520 cash for the monthly rent. h. The company collected $1,714 cash as partial payment for the account receivable created in transaction f i. K. Spade withdrew $800 cash from the company for personal use. Exercise 2-14 (Algo) Preparing a trial balance LO P1 Prepare the Trial Balance. Use May 31 as its report date. SPADE COMPANY Trial Balance Cash Cash Equipment Accounts receivable Accounts payable Services revenue Rent expense Services revenue K. Spade, Withdrawals Totals May 31 Debit Credit $ 10,513 558 10,645 2,272 520 1,714 800 $ 27,022 $ 0 mant Accounts payable Accounts receivable Cash Equipment mant K. Spade, Capital K. Spade, Withdrawals Rent expense Services revenue Supplies
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