Question: Exercise 2-10 Preparing a trial balance LO P2 The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $16,000 cash in the company

Exercise 2-10 Preparing a trial balance LO P2 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 $520 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 a $900 cash dividend to the owner (sole shareholder). Prepare the Trial Balance. Use May 31 as its report date. SPADE COMPANY Trial Balance May 31 Debit Credit Cash Office supplies Office equipment Accounts receivable Accounts payable Fees earned Rent expense Dividends Common stock Totals S 0 S 0
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