Use the following information for Exercises 13-14 below. (Algo) Skip to question   [The following information applies to the questions displayed below.] The transactions of Spade Company appear below. K. Spade, owner, invested $13,500 cash in the company in exchange for common stock. The company purchased supplies for $392 cash. The company purchased $7,466 of equipment on credit. The company received $1,593 cash for services provided to a customer. The company paid $7,466 cash to settle the payable for the equipment purchased in transaction c. The company billed a customer $2,862 for services provided. The company paid $535 cash for the monthly rent. The company collected $1,202 cash as partial payment for the account receivable created in transaction f. The company paid a $1,100 cash dividend to the owner (sole shareholder).

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. K. Spade, owner, invested $11,750 cash in the company. b. The company purchased supplies for $341 cash. c. The company purchased $6,498 of equipment on credit. d. The company received $1,387 cash for services provided to a customer. e. The company paid $6,498 cash to settle the payable for the equipment purchased in transaction c. f. The company billed a customer $2,491 for services provided. g. The company paid $530 cash for the monthly rent. h. The company collected $1,046 cash as partial payment for the account receivable created in transaction f. i. K. Spade withdrew $900 cash from the company for personal use. 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…

The first picture is the introduction   5-6. Wellco paid off a bank loan of $17,200 in cash 7-8. Wellco returned 43 barrels to its supplier. The supplier paid $34.50 in cash for each barrel.

The transactions of Spade Company appear below. Kacy Spade, owner, invested $18,250 cash in the company in exchange for common stock. The company purchased office supplies for $529 cash. The company purchased $10,092 of office equipment on credit. The company received $2,153 cash as fees for services provided to a customer. The company paid $10,092 cash to settle the payable for the office equipment purchased in transaction c. The company billed a customer $3,869 as fees for services provided. The company paid $530 cash for the monthly rent. The company collected $1,625 cash as partial payment for the account receivable created in transaction f. 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…