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The transactions of Spade Company appear below. a. Kacy Spade, owner. Invested $11,750 cash in the company in exchange for common stock. b. The
The transactions of Spade Company appear below. a. Kacy Spade, owner. Invested $11,750 cash in the company in exchange for common stock. b. The company purchased office supplies for $341 cash. c. The company purchased $6,498 of office equipment on credit. d. The company received $1,386 cash as fees for services provided to a customer. e. The company paid $6,498 cash to settle the payable for the office equipment purchased in transaction c f. The company billed a customer $2,491 as fees for services provided. g. The company paid $510 cash for the monthly rent. h. The company collected $1,046 cash as partial payment for the account receivable created in transaction f i. The company paid a $900 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. 4 Complete this question by entering your answers in the tab below. 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 to identify entries.
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