The transactions of Spade Company: a. Kacy Spade, owner, invested $16,500 cash in the company in exchange for common stock.
b. The company purchased office supplies for $479 cash.
c. The company purchased $9.125 of office equipment on credit.
d. The company received $1,947 cash as fees for services provided to a customer.
e. The company paid $9,125 cash to settle the payable for the office equipment purchased in transaction f.
f. The company billed a customer $3,498 as fees for services provided.
g. The company paid $530 cash for the monthly rent.
h. The company collected $1,469 cash as partial payment for the account receivable created in transaction f.
i. The company paid $800 cash in dividends to Spade
Prepare a Trial Balance.

Trial Balance

                                                                                                    Debit     Credit

Cash                                                                                           $8,982

($16,500 - $479 + $1,947 - $9,125 - $530 + $1,469 - $800)  

Common Stock                                                                                        $16,500

Office Supplies                                                                             $479

Office Equipment                                                                      $9,125

Accounts Payable ($9.125 - $9,125)                                                            $0

Service Fees ($1,947 + $3,498)                                                               $5,445

Accounts Receivable ($3,498 - $1,469)                                  $4,967

Rent Expense                                                                              $530

Dividends                                                                                    $800

Totals                                                                                        $21,945  $21,945

Explanation:

A trial Balance is a list of balances that are extracted from the ledger accounts  from which the financial statements are prepared.

First Record the Transaction, then determine account balances.

a.

Cash $16,500 (debit)

Common Stock $16,500 (credit)

b.

Office Supplies $479 (debit)

Cash $479 (credit)

c.

Office Equipment $9.125 (debit)

Accounts Payable $9.125 (credit)

d.

Cash $1,947 (debit)

Service Fees $1,947 (credit)

e.

Accounts Payable $9,125 (debit)

Cash $9,125 (credit)

f.

Accounts Receivable $3,498 (debit)

Service Fees $3,498 (credit)

g.

Rent Expense $530 (debit)

Cash $530 (credit)

h.

Cash $1,469 (debit)

Accounts Receivable $1,469 (credit)

i.

Dividends $800 (debit)

Cash $800 (credit)

I'm thinking it is C. and D (if multiple choice)