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ACC 1810- Principles of Financial Accounting in-class activity # 3-Journal Entries and Posting Name: Exercise 2-9 Recording effects of transactions in T-accounts Prepare general journal

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ACC 1810- Principles of Financial Accounting in-class activity # 3-Journal Entries and Posting Name: Exercise 2-9 Recording effects of transactions in T-accounts Prepare general journal entries to record the transactions below 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 a. Kacy Spade, owner, invested $100,750 cash in the company in exchange for common stock The company purchased $10,050 of office equipment on credit d. c. The company received $15.500 cash as fees for services provided to a customer. The company paid $10,050 cash to settle the payable for the office equipment purchased in transaction c f. e. The company billed a customer $2,700 as fees for services provided. paid $1,225 cash for the monthly rent. . The company coltedpartiah payment for the account reeivable created in The company collected $1,125 cash as partial payment for the account receivable created in transaction f . The company paid $10,0o0 cash in dividends to the owner (sole shareholder) Post

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