- The Transactions Of Spade Company Appear Below A Kacy Spade Owner Invested 11 500 Cash In The Company In Exchange F 1 (113.03 KiB) Viewed 64 times
The transactions of Spade
Company appear below. a. Kacy Spade, owner, invested $11,500 cash in the
company in exchange for common stock. b. The
company purchased office supplies for $334 cash. c. The
company purchased $6,360 of office equipment on credit. d. The
company received $1,357 cash as fees for services provided to a customer. e. The
company paid $6,360 cash to settle the payable for the office equipment purchased in transaction c. f. The
company billed a customer $2,438 as fees 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 f. i. The
company paid a $1,100 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 Credit