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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 $10,750 cash
Required Information [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, Invested $10,750 cash in the company. b. The company purchased supplies for $312 cash. c. The company purchased $5,945 of equipment on credit. d. The company recelved $1,269 cash for services provided to a customer. e. The company pald $5,945 cash to settle the payable for the equipment purchased In transaction c. f. The company billed a customer $2,279 for services provided. g. The company paid $515 cash for the monthly rent. h. The company collected $957 cash as partlal payment for the account recelvable created in transaction f. I. K. Spade withdrew $1,000 cash from the company for personal use. Required: 1. Prepare general journal entrles to record the transactions of Spade Company by using the following accounts: Cash; Accounts Recelvable; Supplies; Equipment; Accounts Payable; K. Spade, Capital; K. Spade, Withdrawals; Services Revenue; and Rent Expense. 2. Post entrles to T-accounts and the ending balances will be calculated. Complete this question by entering your answers in the tabs below. Post entries to T-accounts and the ending balances will be calculated
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