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The transactions of Spade Company appear below. a. K. Spade, owner, invested $18,750 cash in the company in exchange for common stock. b. The company

The transactions of Spade Company appear below. a. K. Spade, owner, invested $18,750 cash in the company in exchange for common stock. b. The company purchased supplies for $544 cash. c. The company purchased $10,369 of equipment on credit d. The company received $2,213 cash for services provided to a customer. e. The company paid $10,369 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $3.975 for services provided. 9. The company paid $515 cash for the monthly rent h. The company collected $1,670 cash as partial payment for the account receivable created in transaction f L. The company paid a $1,000 cash dividend to the owner (sole shareholder). 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. Complete this question by entering your answers in the tabs below. Required Required 1 2 Post entries to T-accounts and the ending balances will be calculated. Cash Balance Balance Balance Balance Balance 01 Supplies Accounts Payable Dividends 0 Rent Expense 01 Balance Balance 0 Balance Balance 13 Accounts Receivable 0 Equipment 0 Common Stock 0 Services Revenue 0
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The transections of Spade Compeny hppecar below. h. K. Spade, ownec, invested $18,750 cash in the company in exchange for common stock. A. The company purchased supplics for $544 cash. c. The company purchased $10,369 of equipment on credit. a. The company received 52,213 cash for services provided to a customer c. The company paid $10.369 cash to settle the payabie for the equipment purchased in transoction c f. The company billed a customer $3.975 for services provided. 9. The company paid $15 cash for the monthly rent h. The company collected $1670 cash as partial payment for the account recelvable created in transaction f L. The company paid a $1,000 cash dividend to the owner (sole shareholder). Required: 1. Prepare general joumal entries to record the transactions of Spode Company by using the following accounts Cash, Accounts Receivable; Supples: Equipment: Accounts Payable; Common Stock; Dividends; Services Rewenue, and Rent Expense. 2. Post entries to T-accounts and the ending balances will be caiculated. Complete this question by entering your answers in the tabs below. The transections of Spade Compeny hppecar below. h. K. Spade, ownec, invested $18,750 cash in the company in exchange for common stock. A. The company purchased supplics for $544 cash. c. The company purchased $10,369 of equipment on credit. a. The company received 52,213 cash for services provided to a customer c. The company paid $10.369 cash to settle the payabie for the equipment purchased in transoction c f. The company billed a customer $3.975 for services provided. 9. The company paid $15 cash for the monthly rent h. The company collected $1670 cash as partial payment for the account recelvable created in transaction f L. The company paid a $1,000 cash dividend to the owner (sole shareholder). Required: 1. Prepare general joumal entries to record the transactions of Spode Company by using the following accounts Cash, Accounts Receivable; Supples: Equipment: Accounts Payable; Common Stock; Dividends; Services Rewenue, and Rent Expense. 2. Post entries to T-accounts and the ending balances will be caiculated. Complete this question by entering your answers in the tabs below

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