Hello, I need help with the following questions(s): rConnect x\' e Following Are

Question

Hello, I need help with the following questions(s):

rConnect x' e Following Are The Trans, X ? ? ??Secure l https://newconnect.mheducation.com/flow/connect.html Exam 1 Help Save & Exlt Submlt Saved QS 1-14 ldentifying assets, liabilities, and equity LO P2 14 Identify each of the following items as assets, labilities, or equity from the drop down provided. Connect x?e FollowingAre The Transex C Secure https:f/newconnect.mheducation.comflow/connect.html Exam 1 Saved Help Save & Exlt Submlt Exercise 2-10 Preparing a trial balance LO P2 The transactions of Spade Company appear below a. Kacy Spade, owner, invested $10,000 cash in the company in exchange for common stock b. The company purchased office supplies for $290 cash c. The company purchased $5,530 of office equipment on credit. d. The company received $1,180 cash as fees for services provided to a customer 10 points 34e. The company paid $5,530 cash to settle the payable for the office equipment purchased in transaction c f. The company billed a customer $2,120 as fees for services provided. g. The company paid $530 cash for the monthly rent h. The company collected $890 cash as partial payment for the account receivable created in transaction f i. The company paid $900 cash in dividends to the owner (sole shareholder) Prepare the Trial Balance SPADE COMPANY

Explanation / Answer

Trial balance :

Debit Credit Cash 4820 Account receivable 1230 Office supplies 290 Office equipment 5530 Common Stock 10000 Dividend 900 Service revenue 3300 Rent expense 530 Total 13300 13300

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