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Prepare the Trial Balance. Use May 31 as its report date. Answer is complete but not entirely corr ...
Prepare the Trial Balance. Use May 31 as its report date. Answer is complete but not entirely correct.
Prepare the Trial Balance. Use May 31 as its report date. Answer is not complete.
Required information [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested \( \$ 14,250 \) cash in the company. b. The company purchased supplies for \( \$ 413 \) cash. c. The company purchased \( \$ 7,880 \) of equipment on credit. d. The company received \( \$ 1,682 \) cash for services provided to a customer. e. The company paid \( \$ 7,880 \) cash to settle the payable for the equipment purchased in transaction \( c \). f. The company billed a customer \( \$ 3,021 \) for services provided. g. The company paid \( \$ 535 \) cash for the monthly rent. h. The company collected \( \$ 1,269 \) cash as partial payment for the account receivable created in transaction \( f \). i. K. Spade withdrew \( \$ 1,200 \) cash from the company for personal use.