Question

The transactions of Spade Company appear below.

    Kacy Spade, owner, invested $16,000 cash in the company in exchange for common stock.
    The company purchased office supplies for $464 cash.
    The company purchased $8,848 of office equipment on credit.
    The company received $1,888 cash as fees for services provided to a customer.
    The company paid $8,848 cash to settle the payable for the office equipment purchased in transaction c.
    The company billed a customer $3,392 as fees for services provided.
    The company paid $520 cash for the monthly rent.
    The company collected $1,425 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:
* COMPLETED NO HELP NEEDED* 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.

2. Post the above journal entries to T-accounts, which serve as the general ledger for this assignment.

I already completed the 1st part need help with the 2nd question T accounts. Wrote down how it should be layed out with some numbers I just wrote down and letters from the problem.

Cash 321 Accounts Receivable 223 a. 333 232 a. 33 b. 111 111 Balance 445 Balance 167 Office Supplies Office Equipment 11 b. 22 Balance Balance Accounts Payable Common Stock Balance Balance

Dividends Fees Earned Balance Balance 0 Rent Expense Balance

Answer 1

	Cash					Account receivable
a	16000	b	464		f	3392	h	1425
d	1888	e	8848
h	1425	g	520
		i	1100
		Ending bal.	8381				Ending bal.	1967
Balance	19313		19313		Balance	3392		3392
	Office supplies
a	464					Office equipment
					c	8848
		Ending bal.	464				Ending bal.	8848
Balance	464		464
					Balance	8848		8848
	Account payable
e	8848	c	8848			Common stock
							a	16000
Balance	8848		8848		Ending bal.	16000
					Balance	16000		16000
	Dividend					Fees Earned
i	1100						d	1888
							f	3392
		Ending bal.	1100		Ending bal.	5280
Balance	1100	Balance	1100		Balance	5280		5280
	Rent expense
g	520
		Ending bal.	520
Balance	520		520

Image of the problem in case you find it difficult in table

Cash Account receivable 3392 h 464 425 16000 6 1888 1425 g Rent expense 520 8848 520 1100 8381 19313 Ending bal. 520 Ending bal. 19313 Ending ball 3392 1967 3392 Balance Balance Balance 520 520 Office supplies 464 Office equipment 8848 Ending bal. 8848 Ending bal. 464 464 464 Balance Balance 8848 8848 Account payable 8848 8848 Common stock 16000 Balance 8848 8848 Ending bal. Balance 16000 16000 16000 Fees Earned Dividend 1100 1888 3392 Ending bal. 1100 Ending bal. 5280 Balance 1100 Balance 1100 Balance 5280 5280