Required information Use the following information for Exercises 13-14 below. (Algo) [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $13,750 cash in the company in exchange for common stock. b. The company purchased supplies for $399 cash. c. The company purchased $7,604 of equipment on credit. d. The company received $1,623 cash for services provided to a customer. e. The company paid $7,604 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $2,915 for services provided. g. The company paid $510 cash for the monthly rent. h. The company collected $1,224 cash as partial payment for the account receivable created in transaction f. i. The company paid a $1,100 cash dividend to the owner (sole shareholder). Exercise 2-14 (Algo) Preparing a trial balance LO P1 Prepare the Trial Balance. Use May 31 as its report date. Note: Hint: Accounts must be listed in financial statement order: Assets first, followed by liabilities, equity, revenues and expenses
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