The transactions of Spade Company appear below.

1. K. Spade, owner, invested $17,000 cash in the company in exchange for common stock.
2. The company purchased supplies for $493 cash.
3. The company purchased $9,401 of equipment on credit.
4. The company received $2,006 cash for services provided to a customer.
5. The company paid $9,401 cash to settle the payable for the equipment purchased in transaction c.
6. The company billed a customer $3,604 for services provided.
7. The company paid $525 cash for the monthly rent.
8. The company collected $1,514 cash as partial payment for the account receivable created in transaction f.
9. The company paid a $800 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.

Journal entry worksheet 456789 K. Spade, owner, invested $17,000 cash in the company in exchange for common stock. Note: Enter debits before credits