The transactions of Spade Company appear below a. Kacy Spade, owner, invested $16,000 cash in...
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The transactions of Spade Company appear below a. Kacy Spade, owner, invested $16,000 cash in the company in exchange for common stock. b. The company purchased office supplies for $464 cash. c. The company purchased $8,848 of office equipment on credit d. The company received $1,888 cash as fees for services provided to a customer. e. The company paid $8,848 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,392 as fees for services provided. g. The company paid $530 cash for the monthly rent h. The company collected $1,425 cash as partial payment for the account receivable created in transaction f i. The company paid $800 cash in dividends to the owner (sole shareholder), Prepare the Trial Balance. SPADE COMPANY Trial Balance May 31, 2017 Credit Cash Office supplies Office equipment Accounts receivable Accounts payable Fees earned Rent expense Dividends Common stock 464 8,848 530 800 16,000 Totals S 10,64216,000
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