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Exercise 2-9 Recording effects of transactions in T-accounts LO A1 The transactions of Spade Company appear below a. Kacy Spade, owner, invested $19,000 cash in
Exercise 2-9 Recording effects of transactions in T-accounts LO A1 The transactions of Spade Company appear below a. Kacy Spade, owner, invested $19,000 cash in the company in exchange for common stock b. The company purchased office supplies for $551 cash c. The company purchased $10,507 of office equipment on credit d. The company received $2.242 cash as fees for services provided to a customer e. The company paid $10.507 cash to settle the payable for the office equipment purchased in transaction The company bued a customer $4028 as fees for services provided. 9. The company paid 5530 cash for the monthly rent. h. The company collected $1,692 cash as partial payment for the account receivable created in transaction The company paid a $900 cash dividend to the owner sole shareholder Required: 1. Prepare general ournal entries to record the transactions above for Spade Company by using the following accounts: Cash: Accounts Receivable: Omice Supplies: Orice Equipment Accounts Payable: Common Stock Dividends: Fees Eamed; 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 Required 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 Eamed; and Rent Expense. Use the letters beside each transaction to identify entries. View transaction list Journal entry worksheet
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