Question

a. Kacy Spade, owner, Invested $18,750 cash in the company in exchange for common stock. b. The company purchased office supplies for $544 cash. C. The company purchased $10,369 of office equipment on credit. he company received $2,213 cash as fees for services provided to a customer. e. The company paid $10,369 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,975 as fees for services provided. g. The company paid $525 cash for the monthly rent. h. The company collected $1,670 cash as partial payment for the account receivable created in transaction. I. The company paid a $900 cash dividend to the owner (sole shareholder). Prepare the Trial Balance. Use May 31 as its report date. SPADE COMPANY Trial Balance May 31 Debit Credit (Cash Accounts receivable Office supplies Common stock Office equipment Dividends Rent expense Totals $ 0 $ < Prey 3 of 3 Next

Answer 1

Cash Office supplies Office equipment Accounts receivable Rent Expense Dividend Common stock Service revenue Totals Debit Credit $10,295 $544 $10,369 $2,305 $525 $900 - $18,750 $6,188 $24,938 $24,938