Kacy Spade, owner, invested $10,500 cash in the company in exchange for common stock. The company purchased office supplies for $305 cash. The company purchased $5,807 of office equipment on credit. The company received $1,239 cash as fees for services provided to a customer. The company paid $5,807 cash to settle the payable for the office equipment purchased in transaction c. The company billed a customer $2,226 as fees for services provided. The company paid $535 cash for the monthly rent. The company collected $935 cash as partial payment for the account receivable created in transaction f. The company paid a $1,000 cash dividend to the owner (sole shareholder). Prepare a Trial Balance.

Respuesta :

Answer:

The trial balance of Kacy Spade showed total of $12,726 on both debit and credit as found in the attached spreadsheet

Explanation:

In preparing the trial balance, I showed  the earlier postings into ledgers for those accounts that had more one transaction and I showed those ones with just a transaction in the trial balance colored-coded in yellow.

Trial balance tests the arithmetical accuracy of postings done in the ledgers by summarizing the ledgers' balances in the trial balance.

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