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Exercise 2.13 Recording effects of transactions in Taccounts A1 For the following transactions of Spade Company (1) prepare general journal otries and (2) post entries
Exercise 2.13 Recording effects of transactions in Taccounts A1 For the following transactions of Spade Company (1) prepare general journal otries and (2) post entries to accounts and calculate the ending balance of each T-account. Use the following Account Cash, Accounts Receivable; Supplies, Equipment Accounts Payable Spade. Capital K. Spade Withdrawals Services Revenue and Rent Expense a. K. Spade, ownes, invested 5100,750 cash in the company b. The company purchased supplies for $1,250 cash The company purchased $10,050 of equipment on credit d. The company received $15.500 cash for services provided to customer . The company paid $10,050 cash to settle the payable for the equipment purchased in transactione The company billed a custom $2,700 for services provided The company paid 51,225 cash for the monthly rent h. The company collected $1,125 cash as partial payment for the account receivable created in transaction ... Spade withdrew $10,000 cash from the company for personal use Check Cash ending balance 594,850 Exercise 2-14 Preparing a trial balance PI After recording the transactions of Exercise 2-13 in Taccounts and calculating the balance of each account prepare a tal balance. Use May 31 as report de
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