complete this question by entering your answers in the tabs below. required a required b required c corentine co. had $160,000 of accounts payable on september 30 and $136,500 on october 31. total purchases on account during october were $289,000. determine how much cash was paid on accounts payable during october. accounts payable ending balance required a required b
The transactions of Dexter Company:”
a. Kacy Spade, owner, invested $1 4. 750 cash in the company.
b. The company purc hased office supplies for $428 cash.
c. The company purchased $8, 157 of office equipment on credit.
d. The company received $1,7 40 cash as fees for services provided to a customer.
e. The company paid $8, 157 cash to settle the payable for the office equipment purchased in
f. The company billed a customer $3,127 as fees for services provided.
g. The company paid $530 cash for the monthly rent.
h. The company collected $1 ,313 cash as partial payment .for the account receivable created in
i. Kacy Spade withdrew $900 cash from the company for personal use.
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; K. Spade, Capital; K. Spade, Withdrawals; Fees Earned; and Rent Expense. Use the letters
beside each transaction to identify entries.
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