Required information Use the following information for Exercises 13-14 below. (Algo) [The following information applies...
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Required information Use the following information for Exercises 13-14 below. (Algo) [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. a. K. Spade, owner, invested $16,250 cash in the company in exchange for common stock. b. The company purchased supplies for $471 cash. c. The company purchased $8,986 of equipment on credit. d. The company received $1,918 cash for services provided to a customer. e. The company paid $8,986 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $3,445 for services provided. g. The company paid $525 cash for the monthly rent. h. The company collected $1,447 cash as partial payment for the account receivable created in transaction f. i. The company paid a $800 cash dividend to the owner (sole shareholder). Exercise 2-13 (Algo) Recording effects of transactions in T-accounts LO A1 Required: 1. Prepare general journal entries to record the transactions of Spade Company by using the following accounts: Cash; Accounts 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare general journal entries to record the transactions of Spade Company by using the following accounts: Cash; Accounts Receivable; Supplies; Equipment; Accounts Payable; Common Stock; Dividends; Services Revenue; and Rent Expense.
Required information Use the following information for Exercises 13-14 below. (Algo) [The following information applies to the questions displayed below.] The transactions of Spade Company appear below a. K. Spode, owner, invested $16.250 cash in the company in exchange for common stock. b. The company purchased supgles for $471 cash. c. The company purchased $8,986 of equipment on credit. d. The compeny recelved $1,918 cosh for services provided to a customer e. The company paid $8,986 cash to settie the payable for the equipment purchased in transoction c E. The company billed a customer $3,445 for services provided. 9. The company paid $525 cash for the monthly rent. h. The company collected $1,447 cash as partial payment for the account receivable created in transaction L. The company paid a $800 cash dividend to the owner (sole shareholder). Exercise 2-13 (Algo) Recording effects of transactions in T-accounts LO A1 Required: 1. Prepare general joumal entries to recond the transactions of Spode Compsny by using the following accounts; Cash; Accounts Recelvable; Supples; Equipment, Accoants Payable; Common Slock; Dividends; Services Revenue; and Rent Expense. 2. Post entries to T-accounts and the ending balances will be calculated. Complete this question by entering your answers in the tabs below. Prepare generat journal entries to record the transactions of Spade Company by using the foliowing accounts: Cash; Accounts Receivable; Supples; Equipment; Accounts Payables Common Stocke Devidends; Services Mevenue; and hent Expense
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