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1 Part 1 of 2 10 points eBook Hint Required information [The following information applies to the questions displayed below.) The transactions of Spade

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1 Part 1 of 2 10 points eBook Hint Required information [The following information applies to the questions displayed below.) The transactions of Spade Company appear below. a. K. Spade, owner, invested $16,750 cash in the company in exchange for common stock. b. The company purchased supplies for $486 cash. c. The company purchased $9,263 of equipment on credit. d. The company received $1,977 cash for services provided to a customer. e. The company paid $9,263 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $3,551 for services provided. g. The company paid $515 cash for the monthly rent. h. The company collected $1,491 cash as partial payment for the account receivable created in transaction f The company paid a $900 cash dividend to the owner (sole shareholder). Print References Required: 1. Prepare general journal entries to record the transactions of Spade Company by using the following accounts: Cash; Accounts Receivable; Supplies; Equipment; Accounts Payable; Common Stack; Dividends; Services Revenue; and Rent Expense. 2. Post entries to T-accounts and the ending balances will be calculated. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare general journal entries to record the transactions of Spade Company by using the following accounts: Cash; Accounts Receivable; Supplies; Equipment; Accounts Payable; Common Stock; Dividends; Services Revenue; and Rent Expense. View transaction list Journal entry worksheet 1 2 345 6 7 9 > K. Spade, owner, invested $16,750 cash in the company in exchange for common stock. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 9 > The company purchased supplies for $486 cash. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 456789 The company purchased $9,263 of equipment on credit. Note: Enter debits before credits. Transaction C. General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet 1 2 3 4 56789 The company received $1,977 cash for services provided to a customer. Note: Enter debits before credits. Transaction d. General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet < 1 2 3 4 5 6 7 8 9 > The company paid $9,263 cash to settle the payable for the equipment purchased in transaction c. Note: Enter debits before credits. Transaction General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet 1 2 3 4 5 6 7 8 9 The company billed a customer $3,551 for services provided. Note: Enter debits before credits. Transaction f. General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 456 The company paid $515 cash for the monthly rent. Note: Enter debits before credits. Transaction g. 7 8 > General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet 1 2 3 4 5 6 7 8 9 > The company collected $1,491 cash as partial payment for the account receivable created in transaction f. Note: Enter debits before credits. Transaction h. General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 8 9 The company paid a $900 cash dividend to the owner (sole shareholder). Note: Enter debits before credits. Transaction i. General Journal Debit Credit Record entry Clear entry View general journal

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