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Ch 02 Homework Seve 4 Exercise 2-9 Recording effects of transactions In T-accounts LO A1 142 points The transactions of Spade Company appear below. eBook
Ch 02 Homework Seve 4 Exercise 2-9 Recording effects of transactions In T-accounts LO A1 142 points The transactions of Spade Company appear below. eBook a. Kacy Spade owner, Invested $13.000 cash in the company in exchange for common stock b. The company purchased office supplies for $377 cash. c. The company purchased $7.189 of office equipment on credit. d. The company received $1.534 cash as fees for services provided to a customer. e. The company paid $7,189 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2,756 as fees for services provided. g. The company paid $535 cash for the monthly rent. h. The company collected $1,158 cash as partial payment for the account receivable created in transaction f. L The company pald a $1.200 cash dividend to the owner (sole shareholder). Hint Print References 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. 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 Mat Journal entry worksheet 1 4 5 8 Kacy Spade, owner, invested $13,000 cash in the company in exchange for common stock Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal 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 Expense Balance
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