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It's a lot but you're a goat i love you. if you have any questions please ask! The transactions of Spade Company appear below. a.
It's a lot but you're a goat i love you. if you have any questions please ask!
The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $20,000 cash in the company in exchange for common stock. b. The company purchased office supplies for $580 cash. c. The company purchased $11,060 of office equipment on credit. d. The company received $2.360 cash as fees for services provided to a customer, e. The company paid $11,060 cash to settle the payable for the office equipment purchased in transaction c... f. The company billed a customer $4,240 as fees for services provided. 9. The company paid $530 cash for the monthly rent. h. The company collected $1.781 cash as partial payment for the account receivable created in transaction 1. The company paid a $1,000 cash dividend to the owner (sole shareholder. Required: 1. Prepare general journal entries to record the transactions above for Spade Company by using the following accounts Cash; Accounts Receivable: Office Supplies, Office Equipment, Accounts Payable; Common Stock Dividends; Fees Earned; and Rent Expense. 2. Post the above journal entries to T-accounts, which serve as the general ledger for this assignment TETER No Transaction General Journal No Transaction Recorded Debit Credit 1 a. 2 b. No Transaction Recorded 3 C. No Transaction Recorded 4 d. No Transaction Recorded 2 5 e. No Transaction Recorded 2 6 f. No Transaction Recorded 7 9. No Transaction Recorded 8 h. No Transaction Recorded 9 No Transaction Recorded 1 Kacy Spade, owner, invested $20,000 cash in the company in exchange for common stock. 2 The company purchased office supplies for $580 cash. 3 The company purchased $11,060 of office equipment on credit. The company received $2,360 cash as fees for services provided to a customer. 5 The company paid $11,060 cash to settle the payable for the office equipment purchased in transaction c. 6 The company billed a customer $4,240 as fees for services provided. The company paid $530 cash for the monthly rent. 8 The company collected $1,781 cash as partial payment for the account receivable created in transaction f. 9 The company paid a $1,000 cash dividend to the owner (sole shareholder). General Journal Debit Accounts payable Accounts receivable Cash Common stock Dividends en Fees earned Office equipment Office supplies den Rent expense Cash Accounts Receivable Balance Balance 0 Office Supplies Office Equipment Balance Balance Accounts Payable Common Stock Balance 0 Balance 0 Dividends Fees Earned Balance Balance Rent Expense Balance Step by Step Solution
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