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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

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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 appear below. a. K. Spade, owner, Invested $12,250 cash in the company. b. The company purchased supplies for $355 cash. c. The company purchased $6.774 of equipment on credit. d. The company received $1,446 cash for services provided to a customer. e. The company paid $6,774 cash to settle the payable for the equipment purchased in transaction c f. The company billed a customer $2.597 for services provided. g. The company paid $530 cash for the monthly rent. h. The company collected $1,091 cash as partial payment for the account receivable created in transaction f 1. K. Spade withdrew $1,000 cash from the company for personal use. Exercise 2-13 (Algo) Recording effects of transactions in T-accounts LO A1

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