Question

HELP..... please see instructions below and my response. All that I have done is correct, but it is saying that answer is not complete. Can someone tell me what is missing.

The transactions of Spade Company appear below.

1. Kacy Spade, owner, invested $14,500 cash in the company in exchange for common stock.
2. The company purchased office supplies for $421 cash.
3. The company purchased $8,019 of office equipment on credit.
4. The company received $1,711 cash as fees for services provided to a customer.
5. The company paid $8,019 cash to settle the payable for the office equipment purchased in transaction c.
6. The company billed a customer $3,074 as fees for services provided.
7. The company paid $535 cash for the monthly rent.
8. The company collected $1,291 cash as partial payment for the account receivable created in transaction f.
9. The company paid $900 cash in dividends to the owner (sole shareholder).

Prepare the Trial Balance.

Answer is not complete. SPADE COMPANY Trial Balance May 31, 2017 Debit Credit Cash $ 7,627 Accounts receivable 1,783 Office supplies 421 Office equipment 8,019 Common stock 14,500 Dividends 900 Fees earned 4,785 Rent expense 535 Totals $ 19,285 $ 19,285

Answer 1

Prepare the Trial Balance. SPADE COMPANY Trial Balance May 31, 2017 Credit Debit $7,627 421 8,019 1,783 Cash Office Supplies Office Equipment Accounts Receivable Accounts Payable Common Stock Dividends Fees Earned Rent Expense $14,500 900 4,785 535 Totals $19,285 $19,285

Explanation: Accounts Payable 8,019 c. Balance 8,019