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Required information [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $20,000 cash
Required information [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $20,000 cash in the company. b. The company purchased supplies for $580 cash. c. The company purchased $11,060 of equipment on credit. d. The company received $2,360 cash for services provided to a customer. e. The company paid $11,060 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $4,240 for services provided. g. The company paid $525 cash for the monthly rent. h. The company collected $1,781 cash as partial payment for the account receivable created in transaction f. i. K. Spade withdrew $800 cash from the company for personal use. equired: Prepare general journal entries to record the transactions of Spade Company by using the following accounts: Cash; Accounts eceivable; Supplies: Equipment; Accounts Payable; K. Spade, Capital; K. Spade, Withdrawals; Services Revenue; and Rent Expense. Post entries to T-accounts and the ending balances will be calculated. Complete this question by entering your answers in the tabs below. Prepare general journal entries to record the transactions of Spade Company by using the following accounts: Cash; Accounts Receivable; Supplies; Equipment; Accounts Payable; K. Spade, Capital; K. Spade, Withdrawals; Services Revenue; and Rent Expense
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