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answer is not complete The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $16.250 cash in the company b. The company purchased
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The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $16.250 cash in the company b. The company purchased office supplies for $471 cash. c. The company purchased $8,986 of office equipment on credit d. The company received $1,917 cash as fees for services provided to a customer e. The company paid $8,986 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,445 as fees for services provided. g. The company paid $535 cash for the monthly rent. h. The company collected $1,447 cash as partial payment for the account receivable created in transaction i. Kacy Spade withdrew $900 cash from the company for personal use. 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: K. Spade, Capital; K. Spade, Withdrawals; Fees Earned; and Rent Expense. Use the letters beside each transaction to identify entries. 2. Post the above journal entries to T-accounts, which serve as the general ledger for this assignment Answer is not complete. Complete this question by entering your answers in the tabs below. 3,445 16,250b 1,917e 1,4479 OOOO 471 8,986 535 900 3,445 Balance 8,722 Office Supplies 471 Office Equipment 8.986 Balance Balance 8.986 K. Spade, Capital Accounts Payable 8,986 C. 8,986 16,250 Balance Balance 16,250 Fees Earned K. Spade, Withdrawals 900 1,917 3,445 Balance | 900 Balance 5,362 Rent Expense 535 Balance 535 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; K. Spade, Capital; K. Spade, withdrawals; Fees Earned; and Rent Expense. Use the letters beside each transaction to identify entries. No Transaction General Journal Credit 16,250 Cash K. Spade, Capital 16,250 471 Office supplies Cash 471 Office equipment Accounts payable 8.986 8,986 Cash Fees earned 1,917 1,917 Accounts payable Cash OO 00 00 00 00 00 00 00 00 8,986 8,986 Accounts receivable Fees earned 3.445 3,445 Rent expense 535 Cash 535 Cash Accounts receivable 1,447 1,447 K. Spade. Withdrawals Cash 900 900
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