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Hi i need help with required 2! Required information [The following information applies to the questions displayed below] The transactions of Spade Company appear below.
Hi i need help with required 2!
Required information [The following information applies to the questions displayed below] The transactions of Spade Company appear below. a. K. Spade, owner, invested $10,250 cash in the company in exchange for common stock. b. The company purchased supplies for $297 cash. c. The company purchased $5,668 of equipment on credit. d. The company received $1,210 cash for services provided to a customer. e. The company paid $5,668 cash to settle the payable for the equipment purchased in transaction c: f. The company billed a customer $2,173 for services provided. g. The company paid $530 cash for the monthly rent. h. The company collected $913 cash as partial payment for the account recelvable created in transaction f. I. The company paid a $900 cash dividend to the owner (sole shareholder). Required: 1. Prepare general Joumal entries to record the transactions of Spade Company by using the following accounts: Cash; Accounts Receivable; Supplies; Equipment; Accounts Payable; Common Stock; Dividends; Services Revenue; and Rent Expense. 2. Post entries to T-accounts and the ending balances will be calculated. Post entries to T-accounts and the ending balances will be calculated Step by Step Solution
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