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Saturday, 23 September 2017

The transactions of Spade Company appear below.

Exercise 2-10 Preparing a trial balance LO P2

The transactions of Spade Company appear below.
  1. Kacy Spade, owner, invested $11,500 cash in the company in exchange for common stock.
  2. The company purchased office supplies for $334 cash.
  3. The company purchased $6,360 of office equipment on credit.
  4. The company received $1,357 cash as fees for services provided to a customer.
  5. The company paid $6,360 cash to settle the payable for the office equipment purchased in transaction c.
  6. The company billed a customer $2,438 as fees for services provided.
  7. The company paid $515 cash for the monthly rent.
  8. The company collected $1,024 cash as partial payment for the account receivable created in transaction f.
  9. The company paid $1,100 cash in dividends to the owner (sole shareholder).

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