Hello I need help with the following questionss rConnect x e
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 COMPANYSolution
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 | 

