Question: Please answer in a way that I know how to input in the chart, if simply answered like writing an essay I won't know what

Please answer in a way that I know how to input in the chart, if simply answered like writing an essay I won't know what goes where.  Please answer in a way that I know how to input
in the chart, if simply answered like writing an essay I won't
know what goes where. Check 3 The transactions of Spade Company appear
below. a. Kacy Spade, owner, invested $16,500 cash in the company in
exchange for common stock b. The company purchased office supplies for $479
cash. c. The company purchased $9,125 of office equipment on credit. d.
The company recelved $1,947 cash as fees for services provided to a
customer e. The company paid $9125 cash to settle the payable for
the office equipment purchased in transaction c f. The company billed a
customer $3,498 as fees for services provided. g. The company paid $520

Check 3 The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $16,500 cash in the company in exchange for common stock b. The company purchased office supplies for $479 cash. c. The company purchased $9,125 of office equipment on credit. d. The company recelved $1,947 cash as fees for services provided to a customer e. The company paid $9125 cash to settle the payable for the office equipment purchased in transaction c f. The company billed a customer $3,498 as fees for services provided. g. The company paid $520 cash for the monthly rent h. The company collected $1,469 cash as partial payment for the account receivable created in transaction f nts eBook Hint Print References. The company paid $1,000 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 Recelvable; Office Supplies; Office Equipment; Accounts Payable: Common Stock; Dividends; Fees Earned; and Ren 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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!