The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $18,250 cash in the...
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The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $18,250 cash in the company. b. The company purchased office supplies for $529 cash. c. The company purchased $10,092 of office equipment on credit. d. The company received $2,154 cash as fees for services provided to a customer. e. The company paid $10,092 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,869 as fees for services provided. g. The company paid $530 cash for the monthly rent. h. The company collected $1,625 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 Credit Totals Debit 0 $ 0 The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $18,250 cash in the company. b. The company purchased office supplies for $529 cash. c. The company purchased $10,092 of office equipment on credit. d. The company received $2,154 cash as fees for services provided to a customer. e. The company paid $10,092 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,869 as fees for services provided. g. The company paid $530 cash for the monthly rent. h. The company collected $1,625 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 Credit Totals Debit 0 $ 0
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
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