Exercise 2-9 Recording effects of transactions in T-accounts LO A1

The transactions of Spade Company appear below.

1. Kacy Spade, owner, invested $18,000 cash in the company in exchange for common stock.
2. The company purchased office supplies for $522 cash.
3. The company purchased $9,954 of office equipment on credit.
4. The company received $2,124 cash as fees for services provided to a customer.
5. The company paid $9,954 cash to settle the payable for the office equipment purchased in transaction c.
6. The company billed a customer $3,816 as fees for services provided.
7. The company paid $530 cash for the monthly rent.
8. The company collected $1,603 cash as partial payment for the account receivable created in transaction f.
9. The company paid a $900 cash dividend to the owner (sole shareholder).

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. 2) (b) The company purchased office supplies for $522 cash.

3) (c) The company purchased $9,954 of office equipment on credit.

4) (d)The company received $2,124 cash as fees for services provided to a customer.

5) (e) The company paid $9,954 cash to settle the payable for the office equipment purchased in transaction c.

6) (f) The company billed a customer $3,816 as fees for services provided.

7) (g) The company paid $530 cash for the monthly rent.

8) (h) The company collected $1,603 cash as partial payment for the account receivable created in transaction f.

9) (i) The company paid a $900 cash dividend to the owner (sole shareholder).

These are the options for GENERAL JOURNAL for all the table A to I

Journal entry worksheet 2 3 4 5 6 7 8 9 Kacy Spade, owner, invested $18,000 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