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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
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 $13,250 cash in the company. b. The company purchased supplies for $384 cash. c. The company purchased $7,327 of equipment on credit. d. The company received $1,564 cash for services provided to a customer. e. The company paid $7,327 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $2,809 for services provided. g. The company paid $530 cash for the monthly rent. h. The company collected $1,180 cash as partial payment for the account receivable created in transaction f. i. K. Spade withdrew $1,000 cash from the company for personal use. 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; K. Spade, Capital; K. Spade, Withdrawals; Services Revenue; and Rent Expense. 2. Post entries to T-accounts and the ending balances will be calculated. 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; K. Spade, Capital; K. Spade, Withdrawals; Services Revenue; and Rent Expense. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 > K. Spade, owner, invested $13,250 cash in the comp Note: Enter debits before credits. Transaction General Journal a. Record entry Clear entry Debit Credit View general journal Required 1 Required 2 Post entries to T-accounts and the ending balances will be calculated. Cash Ending Balance 0 Supplies Ending Balance 0 Accounts Payable Ending Balance K. Spade, Withdrawals Ending Balance Rent Expense Ending Balance 0 Ending Balance Ending Balance Ending Balance Ending Balance
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