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Exercise 2-9 Recording effects of transactions in T-accounts LO A1 The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $15,000 cash in the company, b. The company purchased office supplies for $435 cash. c. The company purchased $8,295 of office equipment on credit d. The company received $1770 cash as fees for services provided to a customer e. The company paid $8,295 cash to settle the payable for the office equipment purchased in transactionc f. The company billed a customer $3,180 as fees for services provided 9. The company paid $525 cash for the monthly rent. h. The company collected S1.336 cash as partial payment for the account receivable created in transaction 1. Kacy Spade withdrew $900 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 Answer is not complete. 5 Post the above journal entries to T-accounts, which serves as the general ledger for this assignment Accounts Receivable 3,180 h b 435 > 1336 d 15,000 1.770 1,336 00 8,295 525 9 Balance 1.844 Balance 8,851 Ollice Supplies 435 Office Equipment 8.295 Balance 435 Balance 3,295 Accounts Payabile 3.295 K. Spade, Capital 15,000 8,295 . Balance 0 Balance 15.000 K Spade, Withdrawals 900 Fees Earned 1,770 31 d 83 3.180 Balance 900 Balance 1.410 Rent Expense 525 9 Balance 525

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