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14 Check my work Part 1 of 2 6.66 points eBook Hint As References Required information [The following information applies to the questions displayed
14 Check my work Part 1 of 2 6.66 points eBook Hint As References Required information [The following information applies to the questions displayed below.) The transactions of Spade Company appear below. a. K. Spade, owner, invested $16,000 cash in the company. b. The company purchased supplies for $464 cash. c. The company purchased $8,848 of equipment on credit d. The company received $1,888 cash for services provided to a customer. e. The company paid $8,848 cash to settle the payable for the equipment purchased in transaction c f. The company billed a customer $3,392 for services provided. 9. The company paid $515 cash for the monthly rent. h. The company collected $1,425 cash as partial payment for the account receivable created in transaction f i. K. Spade withdrew $1,100 cash from the company for personal use. 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; K. Spade, Capital; K. Spade, Withdrawals; Services Revenue; and Rent Expense. 2. Post entries to T-accounts and the ending balances will be calculated.
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