Required Information Use the following information for Exercises 13-14 below. (Algo) The following information apples to the questions displayed below The transactions of Spade company appear below. G.K. Spade owned Invested $13,000 cash in the company in exchange for common stock b. The company purchased Supplies for $377 cash c. The company purchased $7189 of equipment on credit d. The company received $1.534 Cash for services provided to a customer e. The company paid $7189 cash to settle the payable for the equipment purchased in transactionc 1. The company billed a customer $2.756 for services provided o. The company paid $520 cash for the monthly rent h. The company collected $1158 cash as partial payment for the account receivable created in transaction L. The company paid a $900 cash dividend to the owner isole shareholder Exercise 2-13 (Algo) Recording effects of transactions in T-accounts LO A1 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, Common Stock Dividends, 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: Common Stock Dividends: Services Revenue and Rent Expense. View transaction list Journal entry worksheet K. Spade, owner, invested $13,000 cash in the company in exchange for common stock. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal RO Required 2 > Journal entry worksheet 6 7 8 9 The company purchased $7.189 of equipment on credit. Note: Enter debit before credits Transaction General Journal Debit Credit C Record entry Clear entry View general journal Required 2 > Journal entry wor 4 5 7 6 7 co 9 The company received $1,534 cash for services provided to a customer. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal REQUENT Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare general joumal 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 Exp View transaction list Journal entry worksheet The company paid $7,189 cash to settle the payable for the equipment purchased in transaction c. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Red Required 2 > View transaction list Journal entry worksheet > View transaction list Journal entry worksheet 8 Journal entry worksheet The company collected $1,158 cash as partial payment for the account receivable created in transaction f. Note: Enter debits before credits General Journal Debit Credit Transaction h. Record entry Clear entry View general journal Ragwand Required 2 > View transaction list Journal entry worksheet The company paid a $900 cash dividend to the owner (sole shareholder). Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal Beare Required 2 > Required 1 Required 2 Post entries to T-accounts and the ending balances will be calculated. Cash Accounts Receivable Balance Balance Supplies Equipment Balance Balance Accounts Payable Common Stock M Balance Balance Dividends Services Revenue Balance Balance Rent Expense Balance
