Reference no: EM131997431
Question - Preparing a trial balance
The transactions of Spade Company:
a. Kacy Spade, owner, invested $13,750 cash in the company.
b. The company purchased office supplies for $399 cash.
c. The company purchased $7,604 of office equipment on credit.
d. The company received $1,623 cash as fees for services provided to a customer.
e. The company paid $7,604 cash to settle the payable for the office equipment purchased in transaction c.
f. The company billed a customer $2,915 as fees for services provided.
g. The company paid $510 cash for the monthly rent.
h. The company collected $1,224 cash as partial payment for the account receivable created in transaction f.
i. Kacy Spade, withdrew $1,100 cash from the company for personal use.
Prepare the Trial Balance. (The items in the Trial Balance should be grouped as follows: Assets, Liabilities, Equity, Revenues, and Expenses.)
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