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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

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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 $16.250 cash in the company in exchange for common stock b. The company purchased supplies for $471 cash. c. The company purchased $8,986 of equipment on credit. d. The company received $1,918 cash for services provided to a customer. e. The company paid $8,986 cash to settle the payable for the equipment purchased in transaction f. The company billed a customer $3,445 for services provided. g. The company paid $515 cash for the monthly rent. h. The company collected $1,447 cash as partial payment for the account receivable created in transaction / 1. The company paid a $1100 cash dividend to the owner (sole 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 Required 1 Required 2 Post entries to T-accounts and the ending balances will be calculated. Cash Accounts Receivable a b. c Balance d. Balance Supplies Equipment Balance Balance ces Accounts Payable Common Stock Balance 0 Balance Services Revenue Dividends Balance Balance 1 of 1 FB Ned Rent Expense Balance 0

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