a. Kacy Spade, owner, invested $13,750 cash in the company. b. The company purchased office supplies...

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a. Kacy Spade, owner, invested $13,750 cash in the company. b. The company purchased office supplies for $399 cash. c. The company purchased $7,604 of office equipment on credit d. The company received $1,623 cash as fees for services provided to a customer. e. The company paid $7,604 cash to settle the payable for the office equipment purchased in transaction c f. The company billed a customer $2,915 as fees for services provided. g. The company paid $520 cash for the monthly rent h. The company collected $1,224 cash as partial payment for the account receivable created in transaction f. i. Kacy Spade withdrew $1,000 cash from the company for personal use. Prepare the Trial Balance. Use May 31 as its report date. SPADE COMPANY Trial Balance May 31 Debit Credit Cash 13,750 Office supplies 399 Office equipment 7.604 Accounts receivable 1,623 Accounts payable K Spade, Capital 2,915 Fees earned 520 Rent expense 1.224 K Spade, Withdrawals 1.000 Totals 15,285 13.750 a. Kacy Spade, owner, invested $13,750 cash in the company. b. The company purchased office supplies for $399 cash. c. The company purchased $7,604 of office equipment on credit d. The company received $1,623 cash as fees for services provided to a customer. e. The company paid $7,604 cash to settle the payable for the office equipment purchased in transaction c f. The company billed a customer $2,915 as fees for services provided. g. The company paid $520 cash for the monthly rent h. The company collected $1,224 cash as partial payment for the account receivable created in transaction f. i. Kacy Spade withdrew $1,000 cash from the company for personal use. Prepare the Trial Balance. Use May 31 as its report date. SPADE COMPANY Trial Balance May 31 Debit Credit Cash 13,750 Office supplies 399 Office equipment 7.604 Accounts receivable 1,623 Accounts payable K Spade, Capital 2,915 Fees earned 520 Rent expense 1.224 K Spade, Withdrawals 1.000 Totals 15,285 13.750

Answer rating: 100% (QA)

Spade Company Trial Balance Cash 7169 Office supplies 399 Office equipment 7604 Accounts rece... View the full answer