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4 Exercise 2-9 Recording effects of transactions in T-accounts LO A1 The transactions of Spade Company appear below. 16.66 points 00:30 a. Kacy Spade, owner,

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4 Exercise 2-9 Recording effects of transactions in T-accounts LO A1 The transactions of Spade Company appear below. 16.66 points 00:30 a. Kacy Spade, owner, invested $14,750 cash in the company in exchange for common stock. b. The company purchased office supplies for $428 cash. c. The company purchased $8,157 of office equipment on credit. d. The company received $1,740 cash as fees for services provided to a customer. e. The company paid $8,157 cash to settle the payable for the office equipment purchased in transaction c. 1. The company billed a customer $3,127 as fees for services provided The company paid $535 cash for the monthly rent h. The company collected $1,313 cash as partial payment for the account receivable created in transaction 1. The company paid a $1,100 cash dividend to the owner (sole shareholder) Required: 1. Prepare general journal entries to record the transactions above for Space Company by using the following accounts: Cash; Accounts Receivable Office Supplies Office Equipment Accounts Payable; Common Stock: Dividends: Fees Earned; and Rent Expense. 2. Post the above journal entries to T-accounts, which serve as the general ledger for this assignment

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