The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $10,500 cash in the company in exchange f

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: The Transactions Of Spade Company Appear Below A Kacy Spade Owner Invested 10 500 Cash In The Company In Exchange F 1 (156.09 KiB) Viewed 76 times

The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $10,500 cash in the company in exchange for common stock. b. The company purchased office supplies for $305 cash. c. The company purchased $5,807 of office equipment on credit. d. The company received $1,239 cash as fees for services provided to a customer. e. The company paid $5,807 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2,226 as fees for services provided. g. The company paid $525 cash for the monthly rent. h. The company collected $935 cash as partial payment for the account receivable created in transaction f. i. The company paid a $1,000 cash dividend 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. 2. Post the above journal entries to T-accounts, which serve as the general ledger for this assignment.
Journal entry worksheet 1 2 3 4 5 6 7 8 9 Kacy Spade, owner, invested $10,500 cash in the company in exchange for common stock. Note: Enter debits before credits. Transaction General Journal Debit Credit a.
Journal entry worksheet 1 2 3 The company purchased office supplies for $305 cash. Note: Enter debits before credits. Transaction General Journal b. 4 5 6 7 8 9 Debit Credit >
Journal entry worksheet < 1 2 3 4 5 6 7 8 The company purchased $5,807 of office equipment on credit. Note: Enter debits before credits. Transaction General Journal Debit C. 9 Credit
Journal entry worksheet < 1 2 3 4 5 6 7 8 9 The company received $1,239 cash as fees for services provided to a customer. Note: Enter debits before credits. Transaction General Journal Debit d. Credit >
Journal entry worksheet < 1 2 3 5 6 7 8 9 The company paid $5,807 cash to settle the payable for the office equipment purchased in transaction c. Note: Enter debits before credits. Transaction General Journal Debit Credit e. LO >
Journal entry worksheet 1 2 3 4 5 6 7 8 9 The company billed a customer $2,226 as fees for services provided. Note: Enter debits before credits. Transaction General Journal Debit f. Credit
Journal entry worksheet < 1 2 3 4 5 6 7 The company paid $525 cash for the monthly rent. Note: Enter debits before credits. Transaction General Journal g. 8 9 Debit Credit
Journal entry worksheet < 1 2 3 4 5 6 7 8 9 The company collected $935 cash as partial payment for the account receivable created in transaction f. Note: Enter debits before credits. Transaction General Journal Debit h. Credit >
Journal entry worksheet 1 2 3 4 5 6 7 8 9 The company paid a $1,000 cash dividend to the owner (sole shareholder). Note: Enter debits before credits. Transaction General Journal Debit Credit i.
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 Common Stock Balance Balance
Balance Balance Dividends Rent Expense Balance Fees Earned