The transactions of Spade Company appear below. Kacy Spade, owner, invested S10,
ID: 2488528 • Letter: T
Question
The transactions of Spade Company appear below. Kacy Spade, owner, invested S10,250 cash in the company in exchange for common stock. The company purchased office supplies for S297 cash. The company purchased S5.668 of office equipment on credit. The company received $1, 210 cash as fees for services provided to a customer. The company paid S5.668 cash to settle the payable for the office equipment purchased in transaction c. The company billed a customer $2,173 as fees for services provided. The company paid S530 cash for the monthly rent. The company collected $913 cash as partial payment for the account receivable created in transaction f. The company paid $1,100 cash in dividends to the owner (sole shareholder).Explanation / Answer
SPADE COMPANY
TRIAL BALANCE
May 31, 2015
PARTICULARS DEBIT CREDIT Capital 10250 Cash 4778 Office Supplies 297 Office Equipment 5668 Revenue 3383 Debtor 1260 Rent 530 Dividends 1100 TOTALS $13633 $13633Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.