Exercise 2-10 Preparing a trial balance LO P2The transactions of Spade Company appear below. Kacy Spade, owner, invested $17,000 cash in the company.The company purchased office supplies for $493 cash.The company purchased $9,401 of office equipment on credit.The company received $2,006 cash as fees for services provided to a customer.The company paid $9,401 cash to settle the payable for the office equipment purchased in transaction c.The company billed a customer $3,604 as fees for services provided.The company paid $525 cash for the monthly rent.The company collected $1,514 cash as partial payment for the account receivable created in transaction f.Kacy Spade withdrew $1,000 cash from the company for personal use.Prepare the Trail Balance: See photo Prepare the Trial Balance. Use May 31 as its report date.SPADE COMPANYTrial BalanceMay 31CreditCashOffice suppliesOffice equipmentTotalsGA$Debit0 $0

Name: Exercise 2-10 Preparing a trial balance LO P2The transactions of Spade
Uploaded: 2024-03-04T10:43:15.000Z
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Description: Exercise 2-10 Preparing a trial balance LO P2The transactions of Spade Company appear below. Kacy Spade, owner, invested $17,000 cash in the company.The company purchased office supplies for $493 cash.The company purchased $9,401 of office equipment

Journal Entries - Journal Entries are the recording of transactions of the organization. It is…

Answered: The transactions of Spade Company…

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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Exercise 2-10 Preparing a trial balance LO P2

The transactions of Spade Company appear below.

Kacy Spade, owner, invested $17,000 cash in the company.
The company purchased office supplies for $493 cash.
The company purchased $9,401 of office equipment on credit.
The company received $2,006 cash as fees for services provided to a customer.
The company paid $9,401 cash to settle the payable for the office equipment purchased in transaction c.
The company billed a customer $3,604 as fees for services provided.
The company paid $525 cash for the monthly rent.
The company collected $1,514 cash as partial payment for the account receivable created in transaction f.
Kacy Spade withdrew $1,000 cash from the company for personal use.

Prepare the Trail Balance: See photo

Prepare the Trial Balance. Use May 31 as its report date.
SPADE COMPANY
Trial Balance
May 31
Credit
Cash
Office supplies
Office equipment
Totals
GA
$
Debit
0 $
0

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