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Required information Use the following information for Exercises 13-14 below. (Algo) (The following information applies to the questions displayed below.) The transactions of Spade Company appear below. a. K. Spade, owner, invested $14,250 cash in the company in exchange for common stock. b. The company purchased supplies for $413 cash. C. The company purchased $7,880 of equipment on credit. d. The company received $1,682 cash for services provided to a customer. e. The company paid $7,880 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $3,021 for services provided. g. The company paid $520 cash for the monthly rent. h. The company collected $1,269 cash as partial payment for the account receivable created in transaction f. i. The company paid a $1,000 cash dividend to the owner (sole shareholder). Exercise 2-13 (Algo) Recording effects of transactions in T-accounts LO A1 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. Answer is not complete. 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. No Transaction General Journal Debit Credit 1 a. Cash 14,250 ol Common stock 14.250 2 b. 413 Supplies Cash 10 413 3 C. 7.880 Equipment Accounts payable 7,880 4 d. 1,682 Cash Services revenue 1,682 5 e. Accounts payable Cash 7.880 7,880 blol lol lolololo 6 1. 3,021 Accounts receivable Services revenue 3,021 7 9. Rent expense 520 Cash 520 B h. 1,269 Cash Accounts receivable lola ol 1,269 | 9 i. 1,000 Dividends Cash 1,000 Required Required 2 > 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required: Required 2 Post entries to T-accounts and the ending balances will be calculated. Accounts Receivable 3,021 h. a. Cash 14,250 b. 1,682 c. 1. 1.269 d. OOO oo (413) 7.880 520 h. 1,269 g. i. 1,000 Balance 1,752 Balance 8,214 Supplies 413 Equipment 7.880 b. c. Balance 413 Balance 7,880 Common Stock Accounts Payable 7,880 le. a. 14.250 Balance 7,880 Balance 14.250 Services Revenue Dividends 1,000 i. a. 1.682 3,021 t. Balance 1.000 Balance 4.703 Rent Expense g. 520 Balance 520 Required 1 Required