The transactions of Spade Company appear below a.K. Spade, owner, invested $11,500 cash in the company...
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The transactions of Spade Company appear below a.K. Spade, owner, invested $11,500 cash in the company in exchange for common stock. b. The company purchased supplies for $334 cash c. The company purchased $6,360 of equipment on credit d. The company received $1,357 cash for services provided to a customer e. The company paid $6,360 cash to settle the payable for the equipment purchased in transaction c f. The company billed a customer $2.438 for services provided. g. The company paid $520 cash for the monthly rent h. The company collected $1.024 cash as partial payment for the account receivable created in transaction 1. The company paid a $1,000 cash dividend to the owner (sole shareholder). Prepare a trial balance The transactions of Spade Company appear below a.K. Spade, owner, invested $11,500 cash in the company in exchange for common stock. b. The company purchased supplies for $334 cash c. The company purchased $6,360 of equipment on credit d. The company received $1,357 cash for services provided to a customer e. The company paid $6,360 cash to settle the payable for the equipment purchased in transaction c f. The company billed a customer $2.438 for services provided. g. The company paid $520 cash for the monthly rent h. The company collected $1.024 cash as partial payment for the account receivable created in transaction 1. The company paid a $1,000 cash dividend to the owner (sole shareholder). Prepare a trial balance
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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