The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $100,750 cash in the...

  

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The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $100,750 cash in the company in exchange for common stock. b. The company purchased office supplies for $1,250 cash. c. The company purchased $10,050 of office equipment on credit. d. The company received $15,500 cash as fees for services provided to a customer. e. The company paid $10,050 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2,700 as fees for services provided. g. The company paid $1,225 cash for the monthly rent. h. The co pany collected $1,125 cash as partial payment for the account receivable created in transaction f i. The company paid a $10,000 cash dividend to the owner (sole shareholder). Prepare the Trial Balance. Use May 31 as its report date. Totals SPADE COMPANY Trial Balance May 31 Debit $ 69 Credit 0 The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $100,750 cash in the company in exchange for common stock. b. The company purchased office supplies for $1,250 cash. c. The company purchased $10,050 of office equipment on credit. d. The company received $15,500 cash as fees for services provided to a customer. e. The company paid $10,050 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2,700 as fees for services provided. g. The company paid $1,225 cash for the monthly rent. h. The co pany collected $1,125 cash as partial payment for the account receivable created in transaction f i. The company paid a $10,000 cash dividend to the owner (sole shareholder). Prepare the Trial Balance. Use May 31 as its report date. Totals SPADE COMPANY Trial Balance May 31 Debit $ 69 Credit 0

Answer rating: 100% (QA)

Requirement Trial Balance as asked Accounts title Cash Accounts receivables Office Suppli... View the full answer