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The transactions of Spade Company appear below. Kacy Spade, owner, invested $19,750 cash in the company in exchange for common stock. The company purchased office supplies for $573 cash. The company purchased $10,922 of office equipment on credit. The company received $2,331 cash as fees for services provided to a customer. The company paid $10,922 cash to settle the payable for the office equipment purchased in transaction c. The company billed a customer $4,187 as fees for services provided. The company paid $530 cash for the monthly rent. The company collected $1,759 cash as partial payment for the account receivable created in transaction f. The company paid a $1,200 cash dividend to the owner (sole shareholder).
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The transactions of Spade Company appear below. Kacy Spade, owner, invested $19,750 cash in the comp...
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