Exercise 2-9 Recording effects of transactions in T-accounts LO A1 The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $100.750 cash in the company in exchange for common stock. b. The company purchased office supplies for $1.250 cash. c. The company purchased $10.050 of office equipment on credit. d. The company received $15,500 cash as fees for services provided to a customer. e. The company paid $10,050 cash to settle the payable for the office equipment purchased in transaction c. 1. The company billed a customer $2.700 as fees for services provided. g. The company paid $1,225 cash for the monthly rent. h. The company collected $1.125 cash as partial payment for the account receivable created in transaction f. 1. The company paid $10,000 cash in dividends to the owner (sole shareholden). 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. 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. 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 Cash 100.750 2 b. Office supplies 1.250 3 c. Office equipment 10,050 4 d No Transaction Recorded Required 2 > Required 1 Required 2 Post the above journal entries to T-accounts, which serve as the general ledger for this assignment. Cash Accounts Receivable Balance Balance 0 Office Supplies Office Equipment Balance 0 Balance 0 Accounts Payable Common Stock Blanc Balance Dividends Fees Earned Balance 0 Balance 0 Rent Expense Balance Required 1