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Exercise 2-9 Recording effects of transactions in T-accounts LO A1 The transactions of Spade Company appear below 65 a. Kacy Spade, owner, invested $19.750 cash
Exercise 2-9 Recording effects of transactions in T-accounts LO A1 The transactions of Spade Company appear below 65 a. Kacy Spade, owner, invested $19.750 cash in the company b. The company purchased office supplies for $573 cash c. The company purchased $10,922 of office equipment on credit d. The company received $2.330 cash as fees for services provided to a customer e. The company paid $10.922 cash to settle the payable for the office equipment purchased in transaction 1. The company billed a customer $4.187 as fees for services provided 9. The company paid $510 cash for the monthly rent h. The company collected $1759 cash as partial payment for the account receivable created in transaction I. Kacy Spade withdrew $1,100 cash from the company for personal use. Required: 1. Prepare general journal entries to record the transactions above for Space Company by using the following accounts Cash, Accounts Receivable, Office Supplies: Office Equipment, Accounts Payable: K Spade. Capital Spade. Withdrawals, Fees Eamed, 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2
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