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The transactions of Spade Company appear below. K. Spade, owner, invested $10,250 cash in the company. The company purchased supplies for $297 cash. The company purchased $5,668 of equipment on credit. The company received $1,210 cash for services provided to a customer. The company paid $5,668 cash to settle the payable for the equipment purchased in transaction c. The company billed a customer $2,173 for services provided. The company paid $530 cash for the monthly rent. The company collected $913 cash as partial payment for the account receivable created in transaction f. K. Spade withdrew $800 cash from the company for personal use. prepare the trial balance

The transactions of Spade Company appear below. K. Spade, owner, invested $10,250 cash in the company. The company purchased supplies for $297 cash. The company purchased $5,668 of equipment on credit. The company received $1,210 cash for services provided to a customer. The company paid $5,668 cash to settle the payable for the equipment purchased in transaction c. The company billed a customer $2,173 for services provided. The company paid $530 cash for the monthly rent. The company collected $913 cash as partial payment for the account receivable created in transaction f. K. Spade withdrew $800 cash from the company for personal use. prepare the trial balance

FINANCIAL ACCOUNTING
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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The transactions of Spade Company appear below.

  1. K. Spade, owner, invested $10,250 cash in the company.
  2. The company purchased supplies for $297 cash.
  3. The company purchased $5,668 of equipment on credit.
  4. The company received $1,210 cash for services provided to a customer.
  5. The company paid $5,668 cash to settle the payable for the equipment purchased in transaction c.
  6. The company billed a customer $2,173 for services provided.
  7. The company paid $530 cash for the monthly rent.
  8. The company collected $913 cash as partial payment for the account receivable created in transaction f.
  9. K. Spade withdrew $800 cash from the company for personal use.
  10. prepare the trial balance
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