The transactions of Spade Company appear below. Kacy Spade, owner, invested $16,500 cash in the company in exchange for common stock. The company purchased office supplies for $479 cash. The company purchased $9,125 of office equipment on credit. The company received $1,947 cash as fees for services provided to a customer. The company paid $9,125 cash to settle the payable for the office equipment purchased in transaction c. The company billed a customer $3,498 as fees for services provided. The company paid $515 cash for the monthly rent. The company collected $1,469 cash as partial payment for the account receivable created in transaction f. The company paid a $1,000 cash dividend to the owner (sole shareholder).

Match the type of agreements to their descriptions. will trust living will prenuptial agreement

The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.