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Also has a journal entries T-accounts hapter 2 1 a. Kacy Spade, owner, invested $13,500 cash in the company in exchange for common stock. b.

Also has a journal entries T-accounts

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hapter 2 1 a. Kacy Spade, owner, invested $13,500 cash in the company in exchange for common stock. b. The company purchased office supplies for $392 cash. c. The company purchased $7,466 of office equipment on credit. d. The company received $1,593 cash as fees for services provided to a customer. e. The company paid $7,466 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2,862 as fees for services provided. g. The company paid $520 cash for the monthly rent. h. The company collected $1,202 cash as partial payment for the account receivable created in transaction f. i. The company paid a $1,000 cash dividend to the owner (sole shareholder). Required: 1. Prepare general journal entries to record the transactions above 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. 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. ices Required 1 Required 2 Prepare general journal entries to record the transactions above 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. View transaction list View journal entry worksheet X No Transaction General Journal Debit Credit Cash 6,817 Office supplies 392 Office equipment 7,466 Accounts receivable 1.660 Fees eared 4,455 Rent Arnense 520

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