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Use the following information for Exercises 13-14 below. (Algo)

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[The following information applies to the questions displayed below.] The transactions of Spade Company appear below.

K. Spade, owner, invested $16,500 cash in the company in exchange for common stock.

The company purchased supplies for $479 cash.

The company purchased $9,125 of equipment on credit.

The company received $1,947 cash for services provided to a customer.

The company paid $9,125 cash to settle the payable for the equipment purchased in transaction c.

The company billed a customer $3,498 for services provided.

The company paid $525 cash for the monthly rent.

The company collected $1,469 cash as partial payment for the account receivable created in transaction f.

The company paid a $1,100 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.