Reference no: EM132623449

The transactions of spade company appear below.

a. Kacy Spade, owner, invested $14,500 cash in the company in exchange for common stock

b. The company purchased office supplies for $421 cash

c. The company purchased $8,019 office equipment on credit

d. The company received $1,711 cash as fees for services provided to a customer

e. The company paid $8,019 cash to settle the payable for the office equipment purchased in transaction c.

f. The company billed a customer $3,074 as fees for services provided

g. The company paid $520 cash for the monthly rent

h. The company collected $1, 291 cash as partial payment for the account receivable created in transaction f.

i. The company paid a $800 cash dividend to the owner (sole shareholder)

Problem 1: Prepare the Trial Balance. Use May 31 as its report date