The transactions of Dexter Company: a. Macy Dexter, owner, invested $18,500 cash in the company in exchange for common stock. b. The company purchased office supplies for $537 cash. c. The company purchased $10,231 of office equipment on credit. d. The company received $2,183 cash as fees for services provided to a customer. e. The company paid $10,231 cash to settle the payable for the office equipment purchased in transaction c. f. The company billed a customer $3,922 as fees for services provided. g. The company paid $510 cash for the monthly rent. h. The company collected $1,647 cash as partial payment for the account receivable created in transaction f. i. The company paid $1,000 cash for dividends. Prepare general journal entries to record the transactions above: Cash; Accounts Receivable; Office Supplies; Office Equipment; Accounts Payable; Common stock; Dividends; Fees Earned; and Rent Expense. Use the letters beside each transaction to identify entries.

The transactions of Dexter Company:

 

a.	Macy Dexter, owner, invested $18,500 cash in the company in exchange for common stock.
b.	The company purchased office supplies for $537 cash.
c.	The company purchased $10,231 of office equipment on credit.
d.	The company received $2,183 cash as fees for services provided to a customer.
e.	The company paid $10,231 cash to settle the payable for the office equipment purchased in transaction c.
f.	The company billed a customer $3,922 as fees for services provided.
g.	The company paid $510 cash for the monthly rent.
h.	The company collected $1,647 cash as partial payment for the account receivable created in transaction f.
i.	The company paid $1,000 cash for dividends.

Prepare general journal entries to record the transactions above: Cash; Accounts Receivable; Office Supplies; Office Equipment; Accounts Payable; Common stock; Dividends; Fees Earned; and Rent Expense. Use the letters beside each transaction to identify entries.

Transaction	General Journal	Debit	Credit
a.	Cash	18,500
	Common stock		18,500
b.	Office supplies	537
	Cash		537
c.	Office equipment	10,231
	Accounts payable		10,231
d.	Cash	2,183
	Fees earned		2,183
e.	Accounts payable	10,231
	Cash		10,231
f.	Accounts receivable	3,922
	Fees earned		3,922
g.	Rent expense	510
	Cash		510
h.	Cash	1,647
	Accounts receivable		1,647
i.	Dividends	1,000
	Cash		1,000

Post the above journal entries to T-accounts, which serves as the general ledger for this assignment. Determine the ending balance of each T-account.