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. Kacy Spade, owner, invested $14,750 cash in the company in exchange for common stock. b. The company purchased supplies for $428 cash. c. The company purchased $8,157 of equipment on credit d. The company received $1,741 cash for services provided to a customer. e. The company paid $8,157 cash to settle the payable for the equipment purchased in transaction c. 1. The company billed a customer $3,127 for services provided. 9. The company paid $515 cash for the monthly rent. h. The company collected $1,313 cash as partial payment for the account receivable created in transaction f 1. The company paid a $900 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. Credit General Journal Debit 14,750 No Transaction a. 1 14,750 Cash Common stock 428 2 b. 428 Supplies Cash 8,157 3 G Equipment Accounts payable 8,157 1,741 4 d. Cash Services revenue 1,741 8,157 5 0. Accounts payable Cash 8,157 3,127 6 1. Accounts receivable Services revenue 3,127 7 515 9 Rent expense Cash 515 8 h. Cash Accounts receivable 1,313 1,313