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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 company
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 $535 cash for the monthly rent. 1. The company collected $1,046 cash as partial payment for the account receivable created in transaction f. i. The company paid a $1,200 cash dividend to the owner (sole shareholder). equired: Prepare general journal entries to record the transactions above for Spade Company by using the following accounts: Cash; counts Receivable; Office Supplies, Office Equipment; Accounts Payable; Common Stock; Dividends; Fees Earned; and Rent ense. omplete this question by entering your answers in the tab below
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