ine transactions or space Company appear below. a. K. Spade, owner, invested $14,250 cash in the...

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ine transactions or space Company appear below. a. K. Spade, owner, invested $14,250 cash in the company in exchange for common stock. b. The company purchased supplies for $413 cash. c. The company purchased $7,880 of equipment on credit. d. The company received $1,682 cash for services provided to a customer. e. The company paid $7,880 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $3,021 for services provided. g. The company paid $515 cash for the monthly rent. h. The company collected $1,269 cash as partial payment for the account receivable created in transaction f i. The company paid a $800 cash dividend to the owner (sole shareholder). Exercise 2-14 (Algo) Preparing a trial balance LO P1 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.) Accounts payable Totals SPADE COMPANY Trial Balance May 31 Debit $ Credit 0 S t nt ences Exercise 2-14 (Algo) Preparing a trial balance LO P1 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.) Dividends Equipment Rent expense Services revenue Supplies Totals SPADE COMPANY Trial Balance May 31 Debit $ Credit 0 ine transactions or space Company appear below. a. K. Spade, owner, invested $14,250 cash in the company in exchange for common stock. b. The company purchased supplies for $413 cash. c. The company purchased $7,880 of equipment on credit. d. The company received $1,682 cash for services provided to a customer. e. The company paid $7,880 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $3,021 for services provided. g. The company paid $515 cash for the monthly rent. h. The company collected $1,269 cash as partial payment for the account receivable created in transaction f i. The company paid a $800 cash dividend to the owner (sole shareholder). Exercise 2-14 (Algo) Preparing a trial balance LO P1 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.) Accounts payable Totals SPADE COMPANY Trial Balance May 31 Debit $ Credit 0 S t nt ences Exercise 2-14 (Algo) Preparing a trial balance LO P1 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.) Dividends Equipment Rent expense Services revenue Supplies Totals SPADE COMPANY Trial Balance May 31 Debit $ Credit 0

Answer rating: 100% (QA)

Heres the completed trial balance for Spade Company as of ... View the full answer