The transactions of Spade Company appear below. K. Spade, owner, invested $14,500 cash in the company. The company purchased supplies for $421 cash. The company purchased $8,019 of equipment on credit. The company received $1,711 cash for services provided to a customer. The company paid $8,019 cash to settle the payable for the equipment purchased in transaction c. The company billed a customer $3,074 for services provided. The company paid $530 cash for the monthly rent. The company collected $1,291 cash as partial payment for the account receivable created in transaction f. K. Spade withdrew $1,200 cash from the company for personal use Post entries to T-accounts and the ending balances will be calculated.
The transactions of Spade Company appear below. K. Spade, owner, invested $14,500 cash in the company. The company purchased supplies for $421 cash. The company purchased $8,019 of equipment on credit. The company received $1,711 cash for services provided to a customer. The company paid $8,019 cash to settle the payable for the equipment purchased in transaction c. The company billed a customer $3,074 for services provided. The company paid $530 cash for the monthly rent. The company collected $1,291 cash as partial payment for the account receivable created in transaction f. K. Spade withdrew $1,200 cash from the company for personal use Post entries to T-accounts and the ending balances will be calculated.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The transactions of Spade Company appear below.
- K. Spade, owner, invested $14,500 cash in the company.
- The company purchased supplies for $421 cash.
- The company purchased $8,019 of equipment on credit.
- The company received $1,711 cash for services provided to a customer.
- The company paid $8,019 cash to settle the payable for the equipment purchased in transaction c.
- The company billed a customer $3,074 for services provided.
- The company paid $530 cash for the monthly rent.
- The company collected $1,291 cash as partial payment for the
account receivable created in transaction f. - K. Spade withdrew $1,200 cash from the company for personal use
Post entries to T-accounts and the ending balances will be calculated.
please complete answer with complete work answer in text
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