The transactions of Spade Company appear below.

1. Kacy Spade, owner, invested $17,500 cash in the company in exchange for common stock.
2. The company purchased office supplies for $508 cash.
3. The company purchased $9,678 of office equipment on credit.
4. The company received $2,065 cash as fees for services provided to a customer.
5. The company paid $9,678 cash to settle the payable for the office equipment purchased in transaction c.
6. The company billed a customer $3,710 as fees for services provided.
7. The company paid $530 cash for the monthly rent.
8. The company collected $1,558 cash as partial payment for the account receivable created in transaction f.
9. The company paid $1,200 cash in dividends 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. Use the letters beside each transaction to identify entries.

2. Post the abovejournal entries to T-accounts, which serve as the general ledger for this assignment.