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For the following transactions of Spade Company, ( 1 ) prepare general journal entries and ( 2 ) post entries to T - accounts and
For the following transactions of Spade Company, prepare general journal entries and post entries to Taccounts and calculate the ending balance of each Taccount. Use the following accounts: Cash; Accounts Receivable; Supplies; Equipment; Accounts Payable; K Spade, Capital; K Spade, Withdrawals; Services Revenue; and Rent Expense. K Spade, owner, invested $ cash in the company. The company purchased supplies for $ cash. The company purchased $ of equipment on credit. The company received $ cash for services provided to a customer. The company paid $ cash to settle the payable for the equipment purchased in transaction c The company billed a customer $ for services provided. The company paid $ cash for the monthly rent. The company collected $ cash as partial payment for the account receivable created in transaction f K Spade withdrew $ cash from the company for personal use. Q Prepare income statement, equity statement and balance sheet from the following
For the following transactions of Spade Company, prepare general journal entries and post entries to Taccounts and calculate the ending balance of each Taccount. Use the following accounts: Cash; Accounts Receivable; Supplies; Equipment; Accounts Payable; K Spade, Capital; K Spade, Withdrawals; Services Revenue; and Rent Expense. K Spade, owner, invested $ cash in the company. The company purchased supplies for $ cash. The company purchased $ of equipment on credit. The company received $ cash for services provided to a customer. The company paid $ cash to settle the payable for the equipment purchased in transaction c The company billed a customer $ for services provided. The company paid $ cash for the monthly rent. The company collected $ cash as partial payment for the account receivable created in transaction f K Spade withdrew $ cash from the company for personal use. Q Prepare income statement, equity statement and balance sheet from the following
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