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For the following transactions of Spade Company (1) Prepare general journal entries and (2) post entries to T- accounts and calculate the ending balance of
For the following transactions of Spade Company (1) Prepare general journal entries and (2) post entries to T- accounts and calculate the ending balance of each T-account. Use the following accounts: Cash; Accounts Receivable; Supplies; Equipment, Accounts Payable; Common Stock; Dividends; Services revenue; and Rent Expense. a. C. d. e. b. * Kacy Spade, owner, invested $100,750 cash in the company in exchange for common stock The company purchased supplies for $1,250 cash. The company purchased $10,050 of equipment on credit. The company received $15,000 cash for services provided to a customer. The company paid $10,050 cash to settle the payable for the equipment purchased in transaction c. The company billed a customer $2,700 for services provided. The company paid $1,225 cash for the monthly rent. The company collected $1,125 cash as partial payment for the account receivable created in transaction f. The company paid a $10,000 cash dividend to the owner (sole shareholder).
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