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The transactions of Space Company appear below. a. Kacy Spade, owner, invested $11.250 cash in the company in exchange for common stock. b. The
The transactions of Space Company appear below. a. Kacy Spade, owner, invested $11.250 cash in the company in exchange for common stock. b. The company purchased office supplies for $326 cash. c. The company purchased $6,221 of office equipment on credit d. The company received $1,327 cash as fees for services provided to a customer. e. The company paid $6,221 cash to settle the payable for the office equipment purchased in transaction c f. The company billed a customer $2.385 as fees for services provided. g. The company paid $520 cash for the monthly rent. h. The company collected $1,002 cash as partial payment for the account receivable created in transaction f i. The company paid a $1,000 cash dividend 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. Complete this question by entering your answers in the tah below
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