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57 applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $12,500 cash in the company.
57 applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $12,500 cash in the company. b. The company purchased supplies for $363 cash. c. The company purchased $6,913 of equipment on credit. d. The company received $1,475 cash for services provided to a customer. e. The company paid $6,913 cash to settle the payable for the equipment purchased in transaction c f. The company billed a customer $2,650 for services provided. g. The company paid $510 cash for the monthly rent. h. The company collected $1,113 cash as partial payment for the account receivable created in transaction f i. K. Spade withdrew $1,200 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2
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