Use the following information for Exercises 13-14 below. (Algo)Skip to question [The following information applies to the questions displayed below.]The transactions of Spade Company appear below.K. Spade, owner, invested $13,500 cash in the company in exchange for common stock.The company purchased supplies for $392 cash.The company purchased $7,466 of equipment on credit.The company received $1,593 cash for services provided to a customer.The company paid $7,466 cash to settle the payable for the equipment purchased in transaction c.The company billed a customer $2,862 for services provided.The company paid $535 cash for the monthly rent.The company collected $1,202 cash as partial payment for the account receivable created in transaction f.The company paid a $1,100 cash dividend to the owner (sole shareholder).

Name: Use the following information for Exercises 13-14 below. (Algo)Skip to
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Description: Use the following information for Exercises 13-14 below. (Algo)Skip to question [The following information applies to the questions displayed below.]The transactions of Spade Company appear below.K. Spade, owner, invested $13,500 cash in the company

Spade Company Trial Balance 31-May Particulars…

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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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Use the following information for Exercises 13-14 below. (Algo)

Skip to question

[The following information applies to the questions displayed below.]

The transactions of Spade Company appear below.

K. Spade, owner, invested $13,500 cash in the company in exchange for common stock.
The company purchased supplies for $392 cash.
The company purchased $7,466 of equipment on credit.
The company received $1,593 cash for services provided to a customer.
The company paid $7,466 cash to settle the payable for the equipment purchased in transaction c.
The company billed a customer $2,862 for services provided.
The company paid $535 cash for the monthly rent.
The company collected $1,202 cash as partial payment for the account receivable created in transaction f.
The company paid a $1,100 cash dividend to the owner (sole shareholder).

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