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The transactions of The Company appear below. a. Kacy Spade, owner, invested $20,000 cash in the company. b. The company purchased office supplies for $580
The transactions of The Company appear below. a. Kacy Spade, owner, invested $20,000 cash in the company. b. The company purchased office supplies for $580 cash. c. The company purchased $11,060 of office equipment on credit. d. The company received $2,360 cash as fees for services provided to a customer. e. The company paid $11,060 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $4,240 as fees for services provided. g. The company paid $525 cash for the monthly rent. h. The company collected $1,781 cash as partial payment for the account receivable created in transaction f. i. Kacy Spade withdrew $1,100 cash from the company for personal use. 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; K. Spade, Capital; K. Spade, Withdrawals; Fees Earned; and Rent Expense. Use the letters beside each transaction to identify entries. 2. Post the above journal entries to T-accounts, which serve as the general ledger for this assignment. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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; K. Spade, Capital; K. Spade, Withdrawals; Fees Earned; and Rent Expense. Use the letters beside each transaction to identify entries. View transaction list Journal entry worksheet Kacy Spade, owner, invested $20,000 cash in the company. Note: Enter debits before credits. General Journal Debit Credit Transaction a. Record entry Clear entry View general Journal (Required 1 Required 2 > Required 1 Required 2 Post the above journal entries to T-accounts, which serves as the general ledger for this assignment. Cash Accounts Receivable Balance Balance Office Supplies Office Equipment Balance Balance Accounts Payable K. Spade, Capital Balance Balance K. Spade, Withdrawals Fees Earned Balance Balance Rent Expense Balance
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