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https://lms.mheducation.com/m https://lms.mheducation.com/m Required information [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested
https://lms.mheducation.com/m https://lms.mheducation.com/m Required information [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $14,000 cash in the company in exchange for common stock. b. The company purchased supplies for $406 cash. c. The company purchased $7,742 of equipment on credit. d. The company received $1,652 cash for services provided to a customer. e. The company paid $7742 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $2,968 for services provided. g. The company paid $510 cash for the monthly rent. h. The company collected $1,247 cash as partial payment for the account receivable created in transaction f 1. The company paid a $900 cash dividend to the owner (sole shareholder). Required: 1. Prepare general journal 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.. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare general journal 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. View transaction list Journal entry worksheet Required information Prepare general journal entries to record the transactions of Spade Company by using the following accounts: Ca Receivable; Supplies; Equipment; Accounts Payable; Common Stock; Dividends; Services Revenue; and Rent Ex View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 K. Spade, owner, Invested $14,000 cash in the company in exchange for common stock. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Clear entry Record entry View general journal of 2 ces Required information Cash Balance Balance Balance Balance Supplies Accounts Payable Dividends Rent Expense Balance Accounts Receivable https://ims.mhe https://ms.mhe Equipment Balance Common Stock Balance Balance Services Revenue Required information Required 1 Required 2 Post the transactions to the T-accounts. Balance S Balance Balance Balance Cash Prepaid Insurance Common Stock Utilities Expense Balance Balance Balance Supplies Equipment Services Revenue https://Im https://ims
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