Question

The transactions of Spade Company:

 

 

a.

Kacy Spade, owner, invested $13,000 cash in the company in exchangefor common stock.

b.

The company purchased office supplies for $377 cash.

c.

The company purchased $7,189 of office equipment on credit.

d.

The company received $1,534 cash as fees for services provided to acustomer.

e.

The company paid $7,189 cash to settle the payable for the officeequipment purchased in transaction c.

f.

The company billed a customer $2,756 as fees for servicesprovided.

g.

The company paid $530 cash for the monthly rent.

h.

The company collected $1,158 cash as partial payment for theaccount receivable created in transaction f.

i.

The company paid $900 cash in dividends to Spade

 

Cantfigure out Cash, Accounts Revievable, Fees Earned

 

Prepare a Trial Balance.

 

                                                 Debit                  Credit

Cash

Accounts receivable

OfficeSupplies                     377

OfficeEquipment                 7189

AccountsPayable                                                    0

CommonStock                                                     13000

Dividends                              900

Fees Earned

RentExpense                         530

Totals