1. D. Belle created a new business and invested $6,000 cash, $7,600 of equipment, and $12,000 in web servers. 2. The company paid $4,800 cash in advance for prepaid insurance coverage. 3. The company purchased $900 of supplies on account. 4. The company paid $800 cash for selling expenses. 5. The company received $4,500 cash for services provided. 6. The company paid $900 cash toward accounts payable. 7. The company paid $3,400 cash for equipment. Cash Supplles Prepald Insurance Equipment Web Servers Accounts Payable D. Belle, Capital Services Revenue Selling Expenses
1. D. Belle created a new business and invested $6,000 cash, $7,600 of equipment, and $12,000 in web servers. 2. The company paid $4,800 cash in advance for prepaid insurance coverage. 3. The company purchased $900 of supplies on account. 4. The company paid $800 cash for selling expenses. 5. The company received $4,500 cash for services provided. 6. The company paid $900 cash toward accounts payable. 7. The company paid $3,400 cash for equipment. Cash Supplles Prepald Insurance Equipment Web Servers Accounts Payable D. Belle, Capital Services Revenue Selling Expenses
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Fill in each of the following T-accounts for Belle Co.’s seven transactions listed here. The T-accounts represent Belle Co.’s general ledger. Code each entry with transaction number 1 through 7 (in order) for reference.
![1. D. Belle created a new business and invested $6,000 cash, $7,600 of equipment, and $12,000 in web servers.
2. The company paid $4,800 cash in advance for prepaid insurance coverage.
3. The company purchased $900 of supplies on account.
4. The company paid $800 cash for selling expenses.
5. The company received $4,500 cash for services provided.
6. The company paid $900 cash toward accounts payable.
7. The company paid $3,400 cash for equipment.
Cash
Supplles
Prepald Insurance
Equipment
Web Servers
Accounts Payable
D. Belle, Capital
Services Revenue
Selling Expenses](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5acf9f50-50e9-43f9-91fd-c47c90553ccb%2F20d9b417-0c2a-48fc-b404-dded59fed23f%2Fr9s6027_processed.png&w=3840&q=75)
Transcribed Image Text:1. D. Belle created a new business and invested $6,000 cash, $7,600 of equipment, and $12,000 in web servers.
2. The company paid $4,800 cash in advance for prepaid insurance coverage.
3. The company purchased $900 of supplies on account.
4. The company paid $800 cash for selling expenses.
5. The company received $4,500 cash for services provided.
6. The company paid $900 cash toward accounts payable.
7. The company paid $3,400 cash for equipment.
Cash
Supplles
Prepald Insurance
Equipment
Web Servers
Accounts Payable
D. Belle, Capital
Services Revenue
Selling Expenses
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