Required information [The following information applies to the questions displayed below.) The transactions of Spade Company appear below. a. K. Spade, owner, invested $14,500 cash in the company in exchange for common stock. b. The company purchased supplies for $421 cash. c. The company purchased $8,019 of equipment on credit. d. The company received $1,711 cash for services provided to a customer. e. The company paid $8,019 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $3,074 for services provided. g. The company paid $525 cash for the monthly rent. h. The company collected $1,291 cash as partial payment for the account receivable created in transaction f i. The company paid a $1,200 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. Journal entry worksheet 2 3 4 5 6 7 8 9 K. Spade, owner, invested $14,500 cash in the company in exchange for common stock. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 The company purchased supplies for $421 cash. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 9 The company purchased $8,019 of equipment on credit. Note: Enter debits before credits. Transaction C. General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 5 6 7 8 9 The company received $1,711 cash for services provided to a customer. Note: Enter debits before credits. Transaction d. General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 9 The company paid $8,019 cash to settle the payable for the equipment purchased in transaction c. Note: Enter debits before credits. Transaction General Journal Debit Credit e. Record entry Clear entry View general journal entry worksheet < 1 2 3 4 5 6 7 8 9 The company billed a customer $3,074 for services provided. Note: Enter debits before credits. Transaction f. General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 9 The company paid $525 cash for the monthly rent. Note: Enter debits before credits. Transaction g. General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 9 The company collected $1,291 cash as partial payment for the account receivable created in transaction f. Note: Enter debits before credits. Transaction h. General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 6 The company paid a $1,200 cash dividend to the owner (sole shareholder). Note: Enter debits before credits. Transaction i. General Journal Debit Credit > Record entry Clear entry View general journal 2 Required information. Post entries to 1-accounts and the ending balances will be calculated. Cash Accounts Receivable Balance 0 Balance D Balance Balance Supplies 0 Accounts Payable Balance Dividends 0 Balance Equipment Common Stock 0 Services Revenue Balance 0 Balance 0 Check my work Balance Balance Balance Accounts Payable Dividends 0 Rent Expense Common Stock 0 Balance 0 Services Revenue Balance 0