Question

The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $14,000 cash in the company in exchange for common stock. b. The company purchased office supplies for $406 cash. c. The company purchased $7,742 of office equipment on credit d. The company received $1,652 cash as fees for services provided to a customer e. The company paid $7,74 f. The company billed a customer $2.968 as fees for services provided. g. The company paid $520 cash for the monthly rent h. The company collected $1. i. The company paid $1,000 cash in dividends to the owner (sole shareholder) 2 cash to settle the payable for the office equipment purchased in transaction c 247 cash as partial payment for the account receivable created in transaction t Prepare the Trial Balance. & Answer is not complete. SPADE COMPANY Trial Balance May 31, 2017 Debit Credit $ 14,00 - 14,000 Common stock Office supplies Cash Office equipment Accounts payable Cash Fees earned Dividends Cash 406 406 7,742 7,742 1,652 1,0003 1,652 1,000 Totals S 24,800 |S 24,800 Prev 7 of 8 Next

Answer 1

The trail balance of SPADE COMPANY for the year ended May,31,2017 is as follows