Question: Homework Ch. 2 Swed Help Save 5 Exit Submit Check my work Required information The following information applies to the questions displayed below! The transactions
Homework Ch. 2 Swed Help Save 5 Exit Submit Check my work Required information The following information applies to the questions displayed below! The transactions of Spade Company appear below. a. K. Spade, owner, invested $100,750 cash in the company in exchange for common stock. b. The company purchased supplies for $1.250 cash. c. The company purchased $10,050 of equipment on credit d. The company received $15,500 cash for services provided to a customer. e. The company paid $10,050 cash to settle the payable for the equipment purchased in transaction The company billed a customer $2,700 for services provided g. The company paid $1,225 cash for the monthly rent n. The company collected $1325 cash as partial payment for the account receivable created in transaction The company paid a $10,000 cash dividend to the owner (sole shareholder) Prepare the Trial Balance. Use May 31 as its report date. (Hint Accounts must be listed in financial statement order: Assets first, followed by liabilities, equity, revenues and expenses.) SPADE COMPANY Trial Balance May 31 Debit Credit Accounts payable $ 0
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