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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 $15,000 cash
Required information [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $15,000 cash in the company in exchange for common stock. b. The company purchased supplies for $435 cash. c. The company purchased $8,295 of equipment on credit. d. The company received $1,770 cash for services provided to a customer. e. The company paid $8,295 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $3,180 for services provided. 9. The company paid $525 cash for the monthly rent. h. The company collected $1,936 cash as partial payment for the account receivable created in transaction f i. 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: Cas 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. ok nt Receivable; Supplies; Equipment; Accounts Payable; Common Stock; Dividends; Services Revenue; ar View transaction list Journal entry worksheet nt
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