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The transactions of Spade Company appear below.

1. Kacy Spade, owner, invested $14,500 cash in the company in exchange for common stock.
2. The company purchased office supplies for $421 cash.
3. The company purchased $8,019 of office equipment on credit.
4. The company received $1,711 cash as fees for services provided to a customer.
5. The company paid $8,019 cash to settle the payable for the office equipment purchased in transaction c.
6. The company billed a customer $3,074 as fees for services provided.
7. The company paid $515 cash for the monthly rent.
8. The company collected $1,291 cash as partial payment for the account receivable created in transaction f.
9. The company paid $900 cash in dividends to the owner (sole shareholder).

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; Common Stock; Dividends; Fees Earned; and Rent Expense. Use the letters beside each transaction to identify entries. 2. Post the above journal entries to T-accounts, which serve as the general ledger for this assignment.

The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $14,500 cash in the company in exchange for common stock. b. The company purchased office supplies for $421 cash. c. The company purchased $8,019 of office equipment on credit. d. The company received $1,711 cash as fees for services provided to a customer. e. The company paid $8,019 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,074 as fees for services provided. h.The company cole tec $129/ ash an parial pment for the account receivable created in transaction paid $515 cash for the monthly rent h. The company collected $1,291 cash as partial payment for the account receivable created in transaction f i. The company paid $900 cash in dividends to the owner (sole shareholder). 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; Common Stock; Dividends; Fees Earned; and Rent Expense. Use the letters beside each transaction to identify entries. 2. Post the above journal entries to T-accounts, which serve as the general ledger for this assignment. Required 1Required 2 Prepare general journal entries to record the transactions above for Spade Company by using the following Receivable; Office Supplies; Office Equipment; Accounts Payable; Common Stock; Dividends; Fees Earned;a letters beside each transaction to identify entries. View transaction list Journal entry worksheet 2 3 4 6 7 8 Kacy Spade, owner, invested $14,500 cash in the company in exchange for common stock. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Cash Accounts Receivable Balance Balance 0 Office Supplies Office Equipment Balance Balance Accounts Payable Common Stock Balance 0 Balance Dividends Fees Earned Balance 0 Balance Rent Expense

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