The transactions of Spade Company appear below. A. K. Spade, owner, invested $17,000 cash in the company in exchange for common stock. B. The company purchased supplies for $493 cash. C. The company purchased $ 9,401 of equipment on credit. D. The company received $2,006 cash for services provided to a customer. E. The company paid $9,401 cash to settle the payable for the equipment purchased in transaction c. F. The company billed a customer $3,604 for services provided. G. The company paid $530 cash for the monthly rent. H. The company collected $1,514 cash as partial payment for the account receivable created in transaction f. I. The company paid a $900 cash dividend to the owner (sole shareholder). *fill out chart* HINT: Accounts must be listed in financial statement order: Assets first, followed by liabilities, equity, revenues, and expenses.

The transactions of Spade Company appear below. A. K. Spade, owner, invested $17,000 cash in the company in exchange for common stock. B. The company purchased supplies for $493 cash. C. The company purchased $ 9,401 of equipment on credit. D. The company received $2,006 cash for services provided to a customer. E. The company paid $9,401 cash to settle the payable for the equipment purchased in transaction c. F. The company billed a customer $3,604 for services provided. G. The company paid $530 cash for the monthly rent. H. The company collected $1,514 cash as partial payment for the account receivable created in transaction f. I. The company paid a $900 cash dividend to the owner (sole shareholder). fill out chart HINT: Accounts must be listed in financial statement order: Assets first, followed by liabilities, equity, revenues, and expenses.

Name: The transactions of Spade Company appear below. A. K. Spade, owner,in
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Description: The transactions of Spade Company appear below. A. K. Spade, owner,invested $17,000 cash in the company in exchange for common stock. B. Thecompany purchased supplies for $493 cash. C. The company purchased $9,401 of equipment on credit. D. The comp

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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