The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $10,500 cash in the company in exchange for common stock.
b. The company purchased office supplies for $305 cash.
C. The company purchased $5,807 of office equipment on credit.
d. The company received $1,239 cash as fees for services provided to a customer.
e. The company paid $5,807 cash to settle the payable for the office equipment purchased in transaction c.
f. The company billed a customer $2,226 as fees for services provided.
g. The company paid $535 cash for the monthly rent.
h. The company collected $935 cash as partial payment for the account receivable created in transaction f.
i. The company paid $1,000 cash in dividends to the owner (sole shareholder).
Prepare the Trial Balance.
SPADE COMPANY
Trial Balance
May 31, 2017
Debit
Credit