The transactions of Spade Company: a. Kacy Spade, owner, invested $10,500 cash i
ID: 2425194 • Letter: T
Question
The transactions of Spade Company:
a.
Kacy Spade, owner, invested $10,500 cash in the company in exchange for common stock.
b.
The company purchased office supplies for $305 cash.
c.
The company purchased $5,807 of office equipment on credit.
d.
The company received $1,239 cash as fees for services provided to a customer.
e.
The company paid $5,807 cash to settle the payable for the office equipment purchased in transaction c.
f.
The company billed a customer $2,226 as fees for services provided.
g.
The company paid $530 cash for the monthly rent.
h.
The company collected $935 cash as partial payment for the account receivable created in transaction f.
i.
The company paid $1,100 cash in dividends to Spade
Prepare a Trial Balance.
The transactions of Spade Company:
Explanation / Answer
Answer:
Spade Company Trial Balance Particulars Debit Credit Cash 4932 Office supplies 305 Office equipment 5807 Accounts receivable 1291 Accounts payable K. Spade, capital 10500 Dividend 1100 Fees Earned 3465 Rent expense 530 Totals 13965 13965Related Questions
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