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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). For the following transactions of Spede Company (1) Propare general journal entries and (2) post entries to Taccounts and calculate the ending balance of each Taccount. Use the following accounts: Cash; Accounts Receivable, Supplios, Equipment, Accounts Payablo, Common Stock, Dividends, Services revenue, and Rent Exponse a Kacy Spado, owner, invosted $100,750 cash in the company in exchange for common stock. b. The company purchased supplies for $1,250 cash. The company purchased $10,050 of oquipment on crodit. The company received $15,000 cash for services provided to a customer The company paid $10,050 cash to sette 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 roceivable created in transaction f The company paid a $10,000 cash dividend to the owner (sole shareholder)
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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