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CH2 Accounting for Business Transactions (HW) 0 Saved Help Save & Exit Submit Check my work The transactions of Spade Company

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Solution

SPADE COMPANY
Trial balance
May 31, 2017
Debit Credit
Cash $    9,607.00
Accounts receivables $    2,152.00
Office supplies $       508.00
Office equipment $    9,678.00
Rent expense $       530.00
Service revenue $    5,775.00
Accounts Payable $                 -  
Drawings $       800.00
Common stock $ 17,500.00
$ 23,275.00 $ 23,275.00

Working

Transaction Cash Accounts receivables Office supplies Office equipment Rent expense Service revenue Accounts Payable Drawings Common stock
a $ 17,500.00 $ 17,500.00
b $      (508.00) $ 508.00
c $ 9,678.00 $   9,678.00
d $    2,065.00 $    2,065.00
e $ (9,678.00) $(9,678.00)
f $      3,710.00 $    3,710.00
g $      (530.00) $       530.00
h $    1,558.00 $   (1,558.00)
i $      (800.00) $     800.00
TOTALS $    9,607.00 $      2,152.00 $ 508.00 $ 9,678.00 $       530.00 $    5,775.00 $                -   $     800.00 $ 17,500.00
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