The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $14,250 cash in the company. b. The company purchased office supplies for $413 cash. c. The company purchased $7,880 of office equipment on credit. d. The company received $1,682 cash as fees for services provided to a çustomer. e. The company paid $7,880 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,021 as fees for services provided. g. The company paid $515 cash for the monthly rent. h. The company collected $1,269 cash as partial payment for the account receivable created in transaction f. i. Kacy Spade withdrew $1,000 cash from the company for personal use.

The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $14,250 cash in the company. b. The company purchased office supplies for $413 cash. c. The company purchased $7,880 of office equipment on credit. d. The company received $1,682 cash as fees for services provided to a çustomer. e. The company paid $7,880 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,021 as fees for services provided. g. The company paid $515 cash for the monthly rent. h. The company collected $1,269 cash as partial payment for the account receivable created in transaction f. i. Kacy Spade withdrew $1,000 cash from the company for personal use.

Name: The transactions of Spade Company appear below.a. Kacy Spade, owner,
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Description: The transactions of Spade Company appear below.a. Kacy Spade, owner, invested $14,250 cash in the company.b. The company purchased office supplies for $413 cash.c. The company purchased $7,880 of office equipment on credit.d. The company received $1

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 18EB: Krespy Corp. has a cash balance of $7,500 before the following transactions occur: A. received...

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The transactions of Spade Company appear below. a. Kacy Spade, owner, invested $10,750 cash in the company in exchange for common stock. b. The company purchased office supplies for $312 cash. c. The company purchased $5,945 of office equipment on credit. d. The company received $1,268 cash as fees for services provided to a customer. e. The company paid $5,945 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $2,279 as fees for services provided. g. The company paid $520 cash for the monthly rent. h. The company collected $957 cash as partial payment for the account receivable created in transaction f. i. The company paid a $1,000 cash dividend 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…
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