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Exercise 2-9 Recording effects of transactions in T-accounts A1 Prepare general journal entries to record the transactions below for Spade Company by using the follow. ing 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. After recording the transactions, post them to T-accounts, which serve as the general ledger for this assignment. Determine the ending balance of each T-account 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. 9. The company paid $1,225 cash for the monthly rent. h. The company collected $1,125 cash as partial payment for the account receivable created in transactionf. 1. The company paid $10,000 cash in dividends to the owner (sole shareholder). Check Cash ending balance. $94,850 After recording the transactions of Exercise 2-9 in T-accounts and calculating the balance of each account, prepare a trial balance. Use May 31, 2017, as its report date. Exercise 2-10 Preparing a trial balance P2

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