Exercise 2-9 Recording effects of transactions In T-accounts LO A1 B. The transactions of Spade Company appear below. 01:1548 a. Kacy Spade, owner, invested $12,000 cash in the company in exchange for common stock b. The company purchased office supplies for $348 cash. c. The company purchased $6,636 of office equipment on credit. d. The company received $1,416 cash as fees for services provided to a customer. e. The company paid $6,636 cash to settle the payable for the office equipment purchased in transactionc f. The company billed a customer $2,544 as fees for services provided g. The company paid $535 cash for the monthly rent. h. The company collected $1,068 cash as partial payment for the account receivable created in transaction 1. 1. The company paid a $800 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 2 1 3 4 5 6 7 8 9 Kacy Spade, owner, invested $12.000 cash in the company in exchange for Exercise 3-4 Preparing adjusting entries LO P1, P3, P4 a. Wages of $7,000 are earned by workers but not paid as of December 31. b. Depreciation on the company's equipment for the year is $11,080. c. The Office Supplies account had a $490 debit balance at the beginning of the year. During the year, $4,643 of office supplies are purchased. A physical count of supplies at December 31 shows $514 of supplies available. d. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $3,000 of unexpired insurance benefits remain at December 31. e. The company has earned (but not recorded) $800 of interest revenue for the year ended December 31. The interest payment will be received 10 days after the year-end on January 10. 1. The company has a bank loan and has incurred (but not recorded) interest expense of $3,000 for the year ended December 31. The company will pay the interest five days after the year-end on January 5. For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended (date of December 31 View transaction list Journal entry worksheet 1 2 3 4 5 6 Wages of $7,000 are earned by workers but not paid as of December 31. Note: Enter debits before credits Transaction General Journal Debit Credit