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Journal entry worksheet The company paid $10,050 cash to settle the payable for the equipment purchased in transaction c. Note: Enter debits before credits. Journal entry worksheet 567 The company purchased $10,050 of equipment on credit. Note: Enter debits before credits. Journal entry worksheet The company collected $1,125 cash as partial payment for the account receivable created in transaction f. Note: Enter debits before credits. Required information [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $100,750 cash in the company in exchange for common stock. b. The company purchased supplies for $1,250 cash. c. The company purchased $10,050 of equipment on credit. d. The company received $15,500 cash for services provided to a customer. e. The company paid $10,050 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $2,700 for services provided. g. The company paid $1,225 cash for the monthly rent. h. The company collected $1,125 cash as partial payment for the account recelvable created in transaction f. i. The company paid a $10,000 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: Ace 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 6789 K. Spade, owner, invested $100,750 cash in the company in exchange for common stock. Note: Enter debits before credits. \begin{tabular}{|l|r|r|l|} \hline & & & \multicolumn{3}{|c|}{ Common Stook } \\ \hline & & & \\ \hline & & & \\ \hline Balance & & & \\ \hline & & 0 & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline & & & \multicolumn{2}{|c|}{ Dividends } \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Journal entry worksheet \begin{tabular}{ll|lllll}