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fill the general ledger Required: Business transactions for the Spade Company for the first two months of business are shown below. Prepare journal entries to

fill the general ledger
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Required: Business transactions for the Spade Company for the first two months of business are shown below. Prepare journal entries to record the following transactions. Explanations are not necessary. The transactions of Spade Company appear below. Nov. 1 The company issues 1,000 shares of $.01 par value common stock for $30,000 cash. The company pays $6,000 for the premium on a 12-month insurance policy. The company purchased office supplies for $1,000 on credit. The company received $4,000 cash from client for consulting services completed. The company completed a $5,000 project for a client who must pay within 30 days. Prepare the adjusting entry for the insurance expired as of Nov. 30. The physical count of office supplies Nov. 30 shows $400 of supplies available. Prepare the adjusting entry to record Nov. 1 Nov. 5 Nov. 11 Nov. 21 Nov. 30 Nov. 30 supplies used. Dec. 4 Dec. 10 Dec. 26 The company pays for the office supplies purchased on Nov. 5. The company receives $5,000 cash from client billed on Nov. 21. The company declares a $2.50 per share dividend to be paid in January. Use the following accounts: Cash, Accounts receivable, Office Supplies, Prepaid Insurance, Land, Accounts payable, Dividends Payable, Common Stock, Paid in capital in excess of par value, common (PIC-CS), Retained Earnings, Services earned, Salary expense, Office Supplies expense, Insurance expense, and Utility expense. Complete this question by entering your answers in the tabs below

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