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The transactions of Spade Company (a sole proprietorship ) appear below. a. Kacy Spade, owner, invested $10,500 cash in the company. 5. The company purchased
The transactions of Spade Company (a sole proprietorship ) appear below. a. Kacy Spade, owner, invested $10,500 cash in the company. 5. The company purchased office supplies for $305 cash. c. The company purchased $5,807 of office equipment on credit. 3. The company received $1,239 cash as fees for services provided to a customer. 2. The company paid $5,807 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2,226 as fees for services provided. 3. The company paid $530 cash for the monthly rent. 1. The company collected $935 cash as partial payment for the account receivable created in transaction f. i. Kacy Spade withdrew $1,200 cash from the company for personal use. 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; K. Spade, Capital; K. Spade, Withdrawals; Fees Earned; and Rent Expense. 2. Post the above journal entries to T-accounts, which serve as the ceneral ledger for this accionment
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