Apparently i did this absolutely wrong... thank you to whoever takes the time to help, i appreciate it! (will leave a thumbs up if correct)
Exercise 2-9 Recording effects of transactions in T-accounts LO A1 The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $13,750 cash in the company in exchange for common stock. b. The company purchased office supplies for $399 cash. c. The company purchased $7,604 of office equipment on credit. d. The company received $1,622 cash as fees for services provided to a customer. e. The company paid $7,604 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2,915 as fees for services provided. g. The company paid $520 cash for the monthly rent. h. The company collected $1,224 cash as partial payment for the account receivable created in transaction i. The company paid a $800 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 Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare general journal entries to record the transactions above for Spade Company by using the following accounts: Cash; Arne Darella. A 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. No Transaction General Journal Debit Credit 1 a Cash 7,169 X 2 b. Office supplies 399 3 C. Office equipment 7,604 4 d. Accounts receivable 1,690 5 e. Accounts payable 0 6 1. Common stock 13,750 % 7 9 Dividends 895 8 h. Fees earned X 4,538 9 i. Rent expense x 425 Required Required 2