Use the following information for Exercises 13-14 below. (Algo) [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $13,750 cash in the company in exchange for common stock. b. The company purchased supplies for $399 cash. c. The company purchased $7,604 of equipment on credit. d. The company received $1,623 cash for services provided to a customer. e. The company paid $7,604 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $2,915 for services provided. g. The company paid $510 cash for the monthly rent. h. The company collected $1,224 cash as partial payment for the account receivable created in transaction f. i. The company paid a $1,100 cash dividend to the owner (sole shareholder).
Use the following information for Exercises 13-14 below. (Algo) [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $13,750 cash in the company in exchange for common stock. b. The company purchased supplies for $399 cash. c. The company purchased $7,604 of equipment on credit. d. The company received $1,623 cash for services provided to a customer. e. The company paid $7,604 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $2,915 for services provided. g. The company paid $510 cash for the monthly rent. h. The company collected $1,224 cash as partial payment for the account receivable created in transaction f. i. The company paid a $1,100 cash dividend to the owner (sole shareholder).
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter1: Introduction To Accounting And Business
Section: Chapter Questions
Problem 3BE: Transactions Interstate Delivery Service is owned and operated by Katie Wyer. The following selected...
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