Help Save Exercise 2.9 Recording effects of transactions jn T-accounts LO A1 The transactions of...
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Accounting
Help Save Exercise 2.9 Recording effects of transactions jn T-accounts LO A1 The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $10,250 cash in the company. b. The company purchased office supplies for $297 cash. c. The company purchased $5,668 of office equipment on credit. d. The company received $1,209 cash as fees for services provided to a customer. e. The company paid $5,668 cash to settle the payable for the office equipment purchased in transaction c f. The company billed a customer $2.173 as fees for services provided. g. The company paid $520 cash for the monthly rent. h. The company collected $913 cash as partial payment for the account receivable created in transaction f. i. Kacy Spade withdrew $1.200 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 serves as the general ledger for this assignment. Complete this question by entering your answers in the tabs below Required 1 Required 2 Post the above journal entries to T-accounts, which serves as the general ledger for this assignment. Cash nts Recevable


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