Required information
The following information applies to the questions displayed below.
The transactions of Spade Company appear below.
a K Spade, owner, invested $ cash in the company.
b The company purchased supplies for $ cash.
c The company purchased $ of equipment on credit.
d The company received $ cash for services provided to a customer.
e The company paid $ cash to settle the payable for the equipment purchased in transaction
f The company billed a customer $ for services provided.
g The company paid $ cash for the monthly rent.
h The company collected $ cash as partial payment for the account receivable created in transaction
i K Spade withdrew $ cash from the company for personal use.
Required:
Prepare general journal entries to record the transactions of Spade Company by using the following accounts: Cash; Accounts Receivable; Supplies; Equipment; Accounts Payable; K Spade, Capital; K Spade, Withdrawals; Services Revenue; and Rent Expense.
Post entries to Taccounts and the ending balances will be calculated.
