Accounting

Required information Use the following information for Exercises 1314 below. (Algo) [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $13,000 cash in the company in exchange for common stock. b. The company purchased supplies for $377 cash. c. The company purchased $7,189 of equipment on credit. d. The company received $1,534 cash for services provided to a customer. e. The company paid $7,189 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $2,756 for services provided. g. The company paid $515 cash for the monthly rent. h. The company collected $1,158 cash as partial payment for the account receivable created in transaction f. i. The company paid a $1,100 cash dividend to the owner (sole shareholder). Exercise 2-13 (Algo) Recording effects of transactions in T-accounts LO A1 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; Common Stock; Dividends; 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. Post entries to T-accounts and the ending balances will be ca