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Says my answer is not complete! Required information [The following information applies to the questions displayed below.) The transactions of Spade Company appear below. a.
Says my answer is not complete! Required information [The following information applies to the questions displayed below.) The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $15,000 cash in the company in exchange for common stock. b. The company purchased office supplies for $435 cash. c. The company purchased $8,295 of office equipment on credit. d. The company received $1,770 cash as fees for services provided to a customer. e. The company paid $8,295 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,180 as fees for services provided. g. The company paid $525 cash for the monthly rent. h. The company collected $1,336 cash as partial payment for the account receivable created in transaction i. The company paid $900 cash in dividends to the owner (sole shareholder). Required: 1. Prepare general journal entries to record the transactions above for Spade Company by using the following accounts: Cash; Accounts Receivable; Office Supplies; Office Equipment; Accounts Payable: Common Stock: Dividends: Fees Earned; and Rent Expense. Use the letters beside each transaction to identify entries. 2. Post the above journal entries to T-accounts, which serve as the general ledger for this assignment. Answer is not complete. CnHann thi Dat 111 DAAR Required information Accounts Receivable 3,180 h a f. 1,336 d Cash 15,000 e. 1,7709 1,336 1. b. 7,951 8,295 525 900 435 h. OO Balance 1,844 Balance Office Supplies 435 b Office Equipment 8,295 c. Balance 435 Balance 8,295 Accounts Payable 8,295 Common Stock e 15,000 Balance 8,295 Balance 15,000 Dividends 900 Fees Earned d 1. ol 1.770 3.180 Balance 900 Balance 4,050 Rent Expense 525 > 9
Says my answer is not complete!
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