Q
The following information applies to the questions displayed below.
The transactions of Spade Company appear below.
a K Spade, owner, invested $ cash in the company in exchange for common stock.
b The company purchased supplies for $ cash.
c The company purchased $ of equipment on credit.
d The company received $ cash for services provided to a customer.
e The company paid $ cash to settle the payable for the equipment purchased in transaction
f The company billed a customer $ for services provided.
g The company paid $ cash for the monthly rent.
h The company collected $ cash as partial payment for the account receivable created in transaction
i The company paid a $ cash dividend to the owner sole shareholder
Prepare the Trial Balance. Use May as its report date.
Note: Hint: Accounts must be listed in financial statement order: Assets first, followed by liabilities, equity, revenues and
expenses.
