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both required e. The company paid $7,742 cash to settle the payable for the office equipment purchased in transaction 1. The company billed a customer
both required
e. The company paid $7,742 cash to settle the payable for the office equipment purchased in transaction 1. The company billed a customer $2.968 as fees for services provided g. The company paid $530 cash for the monthly rent h. The company collected $1,247 cash as partial payment for the account receivable created in transaction 1. The company paid a $1,000 cash dividend to the owner (sole shareholder). 13 Requlred: 1. Prepare general Journal entries to record the transactions above for Spade Company by using the following accounts: Cash; Accounts Recevable, 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. 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 Journal entry worksheet Kacy Spade, owner, invested $14,000 cash in the company exchange for common stock Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Begited Required 2 > e. The company paid $7,742 cash to settle the payable for the office equipment purchased in transaction 1. The company billed a customer $2.968 as fees for services provided g. The company paid $530 cash for the monthly rent h. The company collected $1.247 cash as partial payment for the account receivable created in transaction 1. 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 joumal entries to T-accounts, which serve as the general ledger for this assignment Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the above journal entries to T-accounts, which serves as the general ledger for this assignment. Cash Accounts Receivable Balance Balance Office Supplies Office Equipment Balance Balance Accounts Payable Common Stock Balance Balance Dividends Fees Earned Balance Balance Rent ExpenseStep by Step Solution
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