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There are two parts to this question please answer all and ill be sure to thumbs up, thank you. PART I: K. Spade, owner, invested
There are two parts to this question please answer all and ill be sure to thumbs up, thank you.
PART I:
- K. Spade, owner, invested $16,000 cash in the company in exchange for common stock.
- The company purchased supplies for $464 cash.
- The company purchased $8,848 of equipment on credit.
- The company received $1,888 cash for services provided to a customer.
- The company paid $8,848 cash to settle the payable for the equipment purchased in transaction c.
- The company billed a customer $3,392 for services provided.
- The company paid $525 cash for the monthly rent.
- The company collected $1,425 cash as partial payment for the account receivable created in transaction f.
- The company paid a $1,200 cash dividend to the owner (sole shareholder).
PART II:
Journal entry worksheet K. Spade, owner, invested $16,000 cash in the company in exchange for common stock. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal Required Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post entries to T-accounts and the ending balances will be calculated. Cash Accounts Receivable Balance Balance Supplies Equipment Balance Balance Accounts Payable Common Stock Balance Balance Dividends Services Revenue Balance Balance Rent Expense Balance
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