Answer Happy

points The transactions of Spade Company appear below. a. Kacy Spade, owner, Invested $100,750 cash in the company in exchange for common stock. b. The company purchased office supplies for $1,250 cash. c. The company purchased $10,050 of office equipment on credit. d. The company received $15,500 cash as fees for services provided to a customer e. The company paid $10,050 cash to settle the payable for the office equipment purchased in transaction c 1. The company billed a customer $2,700 as fees for services provided. g. The company paid $1,225 cash for the monthly rent h. The company collected $1125 cash as partial payment for the account receivable created in transaction f The company paid $10,000 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 Eamed; and Rent Expense. Use the letters beside each transaction to identity entries. 2. Post the above journal entries to T-accounts, which serve as the general ledger for this assignment. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare general joumal entries to record the transactions above for Spade Company by using the following accounts: Cash; Accounts Receivable; Office Supplies; Office Equipment; Accounts Payable; Comman Stock; Dividends; Fees Earned; and Rent Expense. Use the letters beside each transaction to identity entries. Ma 1 Transaction H Cash General Journal O Dobit 100,750 Credit

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. Required 1 Required 2 No 1 2 3 4 5 6 Complete this question by entering your answers in the tabs below. 7 8 9 Transaction b. d. 0. 1 9. h. L Cash Common stock Office supplies Cash Office equipment Accounts payable Cash Fees earned Accounts payable Cash Accounts receivable Fees earned Rent expense Cash Cash Accounts receivable Dividends Cash General Journal ●● 00 00 00 00 ● 00 30 00 Debit 100,750 1,250 10.050 15,500 10.050 2,700 1,225 1.125 10,000 Credit 100,750 1,250 10,050 15,500 10,050 2,700 1,225 1,125 10,000

Post the above journal entries to T-accounts, which serve as the general ledger for this assignment. L d th Balance 5. Balance Balance Balance 19. Balance 000 0 O 0 Cash 100,750 b 15,500 1,1259 94,850 Office Supplies 1,250 1,250 Accounts Payable 10,050 10,050 Dividends 10,000 10,000 Rent Expense 1,225 1,225 3000 1,250 10,000 1,225 10,050 f Balance G Balance Balance Balance O Accounts Receivable 2,700 h. 1,575 Office Equipment 10,050 10,050 Common Stock a. Fees Earned + O Ⓒ 00 1,125 100,750 100.750 15,500 2,700 18,200