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For these part there are 17 journal entry and 3 required parts.

The transactions of Spade Company appear below a. Kacy Spade, owner, invested $19,250 cash in the company in exchange for common stock. b. The company purchased office supplies for $558 cash. c The company purchased $10,645 of office equipment on credit. d. The company received $2,271 cash as fees for services provided to a customer. e. The company paid $10,645 cash to settle the payable for the office equipment purchased in transaction c f The company billed a customer $4,081 as fees for services provided The company paid $520 cash for the monthly rent. h.The company collected $1,714 cash as partial payment for the account receivable created in transaction f L The company paid $800 cash in dividends to the owner (sole shareholder). Required: 1. Prepare general journal entries to record the transactions obove for Spade Company by using the following accounts: Cash; Accounts Receivable: Office Supplies; Office Equipment; Accounts Payable: Common Stock; Dividends; Fees Earned; and Rent Expense. Use the letters beside each transaction to identify entries. 2. Post the above journal entries to T-accounts, which serve as the general ledger for this assignment Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the above journal entries to T-accounts, which serve as the general ledger for this assignment. Cash Accounts Receivable 19,250 b. 558 Balance 0 Balance 18,892 Office Supplies Office Equipment Balance Balance C Accounts Payable Common Stock Balance Balance 0 C Dividends Fees Earned Balance Balance 0 Rent Expense Balance A corporation had the following assets and liabilities at the beginning and end of this year. Assets Liabilities Beginning of the $ 41,584 97,000 year End of the year 149,000 60,345 a. Owner made no investments in the business, and no dividends were paid during the year. b. Owner made no investments in the business, but dividends were $650 cash per month c No dividends were paid during the year, but the owner did invest an additional $45,000 cash in exchange for common stock. d. Dividends were $650 cash per month, and the owner invested an additional $35,000 cash in exchange for common stock. Determine the net income earned or net loss incurred by the business during the year for each of the above separate cases. (Decreases in equity should be indlcated with a minus sign.) b. d. Beginning of the year- Equity Owner investments Dividends Net income (loss) End of the year-Equity Requlred Information [The following information applies to the questions displayed below] Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August S 27,040 $25,400 Consulting fees earned Cash Accounts receivable 22,410 Rent expense 9,590 Office supplies 5,300 Salaries expensse 5,640 44,040 Telephone expense 20,050 Miscellaneous expenses Land 920 Office equipment Accounts payable 550 10,500 Common stock 102,400 Dividends 6,040 Use the above information to prepare an August income statement for the business HELP TODAY Income Statement 0 . Requlred Informatlon [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August. $25,400 Consulting fees earned 22,410 Rent expense 5,300 Salaries expense $27,040 Cash Accounts receivable 9,590 Office supplies 5,640 44,040 Telephone expense 20,050 Miscellaneous expenses Land 920 Office equipment 550 Accounts payable 10,500 Common stock 6,040 102,400 Dividends Use the above information to prepare an August statement of retained earnings for Help Today. (Hint: Net income for August is $10,340.) HELP TODAY Statement of Retained Earnings Requlred Information [The following information applies to the questions displayed below.] Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August $25,400 Consulting fees earned Cash 27,040 Accounts receivable 22,410 Rent expense 9,590 Office supplies 5.300 Salaries expense 5,640 44,040 Telephone expense 20,050 Miscellaneous expenses Land 920 Office equipment Accounts payable 550 102,400 10,500 Common stock Dividends 6,040 Use the above information to prepare an as of August 31 is $4,300.) August 31 balance sheet for Help Today. (Hint. The ending retained earnings account balance HELP TODAY Balance Sheet Aracel Engineering completed the following transactions in the month of June. a. Jenna Aracel, the owner, invested $185,000 cash, office equipment with a value of $5,300, and $71,000 of drafting equipment to launch the company in exchange for common stock. b. The company purchased land worth $49,000 for an office by paying $8,100 cash and signing a long-term note payable for $40,900 c The company purchaseda portable building with $53,000 cash and moved it onto the land acquired in b. d. The company paid $3,500 cosh for the premium on an 18-month insurance policy. e. The company completed and delivered a set of plans for a client and collected $9,800 cash. f The company purchased $27,000 of additional drafting equipment by paying $10,100 cash and signing a long-term note payable for $16,900 q. The company completed $18,000 of engineering services for a client. This amount is to be received in 30 days. h. The company purchasecd $1,400 of additional office equipment on credit L The company completed engineering services for $27,000 on credit The company received a bill for rent of equipment that was used on a recently completed job. The $1,478 rent cost must be paid within 30 deays. k. The company collected $9,000 cash in partial payment from the client described in transaction g. L The company paid $2,300 cosh for wages to a drafting assistant. m. The company paid $1,400 cash to settle the account payable creoted in transaction h n. The company paid $1,150 cash for minor maintenance of its drafting equipment o. The company paid $10,130 cash in dividends. p. The company paid $2,100 cash for wages to a drafting assistant q. The company paid $3,100 cash for advertisements on the Web during June Required: 1. Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance (108): Office Equipment (163): Drafting Equipment (164): Building (170): Land (172: Accounts Payable (201): Notes Payable (250): Common Stock (307): Dividends (319): Engineering Fees Earned (402); Wages Expense (601: Equipment Rental Expense (602): Advertising Expense (603); and Repairs Expense (604). 2. Post the journal entries from part 1 to the ledger accounts. 3. Prepare a trial balance as of the end of June Complete this question by entering your ans wers in the tabs below. Required 1 Required 2 Required 3 Prepare general jou rnal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Prepaid Insurance (108); Office Equipment (163); Drafting Equipment (164); Building (170); Land (172): Accounts Payable (201); Notes Payable (250); Common Stock (307); Dividends (319); Engineering Fees Earned (402); Wages Expense (601); Equipment Rental Expense (602); Advertising Expense (603); and Repairs Expense (604) Show less View transaction list Journal entry worksheet 2 3 4 5 6 7 8 17 1 Jenna Aracel, the owner, invested $185,000 cash, office equipment with a value of $5,300, and $71,000 of drafting equipment to launch the company in exchange for common stock Note: Enter debits before credits. Account Title Debit Credit Tranasaction Clear entry View general journal Record entry Required 1 Required 2 Required 3 Post the journal entries from part 1 to the ledger accounts. 101: Cash 106: Accounte Receivable Transaction Debit Credit Balance Traneaction Debit Credit Balance 163: Office Equlpment 108: Prepald Ineurance Balance Transaction Debit Credit Transaction Debit Credit Balance 164: Drafting Equipment 170: Bulding Balance Traneaction Debit Credit Transaction Debit Credit Balance 172: Land 201: Accounte Payable Balance Transaction Debit Credit Transaction Debit Credit Balance 250: Notes Payable 307: Common stock Transaction Debit Credit Balance Transaction Debit Credit Balance 319: Dividende 402: Engineering Fees Earned Transaction Debit Credit Balance Transaction Debit Credit Balance 601: Wages Expense 602: Equipment Rental Expense Transaction Deblt Credit Balance Transactlon Debit Credit Balance 603: Advertising Expense 04: Repaire Expense Debit Credit Balance Balance Traneaction Debit Transaction Credit Required 1 Required 2 Required 3 Prepare a trial balance as of the end of June. ARACEL ENGINEERING Trial Balance June 30 Debit Credit Totals Required Information The following information applies to the questions displayed below] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017 December 31 2016 2817 $ 43,138 Cash 6,459 Accounts 23,416 18,358 receivable office supplies 3,694 2,785 Office 113,384 120,776 equipment Trucks 44, 368 53,368 Building 147,907 Land 36,910 Accounts 61,560 30,532 payable Note payable 84,817 Required: 1. Frepare balance sheets for the business as of December 31, 2016 and 2017. (Hint: Report only total equity on the balance sheet and remember thet total equity equals the difference between assets and liabilities.) NETTLE DISTRIBUTION Balance Sheet December 31, 2016 Assets Liabilities Equity Total equity Total liabilities and equity Total assets NETTLE DISTRIBUTION Balance Sheet December 31, 2017 Assets Liabilities Total liabilities Equity Total equity Total liabilities and equity Total assets Requlred Information [The following information applies to the questions displayed below] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017. December 31 2016 2017 43,138 $ Cash 6,459 Accounts 23,416 18,358 receivable Office supplies 3,694 2,705 Office 113,384 120,776 equipment 53,368 Trucks 44,368 Building 147,907 36,910 Land Accounts 61,560 30,532 payable Note payable 84,817 2. Compute net income for 2017 by comparing total equity amounts for these two years and using the following information: During 2017, the owner invested $35,000 additional cash in the business (in exchange for common stock) and the company paid $25,200 cash in dividends. Equity, December 31, 2016 Equity, December 31, 2017 Required Information [The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 201 7. December 31 2016 2017 43,138 $ Cash 6,459 Accounts 23,416 18,358 receivable Office supplies 3,694 2,705 Office 113,384 120,776 equipment Trucks 44,368 53,368 Building 147,907 36,910 Land Accounts 30,532 61,560 payable Note payable 84,817 3. Compute the 2017 year-end debt ratio for the business. Debt Ratio Choose Numerator: Choose Denominator: Debt Ratio Debt ratio