1. D. Belle created a new business and invested $6,300 cash, $7,800 of equipment, and $12,700 in web servers. 2. The company paid $5,700 cash in advance for prepaid insurance coverage. 3. The company purchased $700 of supplies on account. 4. The company paid $900 cash for selling expenses. 5. The company received $4,100 cash for services provided. 6. The company paid $700 cash toward accounts payable. 7. The company paid $2,900 cash for equipment. View transaction list Journal entry worksheet C D E G > A В F Record the owner investment in company. Note: Enter debits before credits. Transaction General Journal Debit Credit 1. Record entry Clear entry View general journal
1. D. Belle created a new business and invested $6,300 cash, $7,800 of equipment, and $12,700 in web servers. 2. The company paid $5,700 cash in advance for prepaid insurance coverage. 3. The company purchased $700 of supplies on account. 4. The company paid $900 cash for selling expenses. 5. The company received $4,100 cash for services provided. 6. The company paid $700 cash toward accounts payable. 7. The company paid $2,900 cash for equipment. View transaction list Journal entry worksheet C D E G > A В F Record the owner investment in company. Note: Enter debits before credits. Transaction General Journal Debit Credit 1. Record entry Clear entry View general journal
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:1. D. Belle created a new business and invested $6,300 cash, $7,800 of equipment, and $12,700 in web servers.
2. The company paid $5,700 cash in advance for prepaid insurance coverage.
3. The company purchased $700 of supplies on account.
4. The company paid $900 cash for selling expenses.
5. The company received $4,100 cash for services provided.
6. The company paid $700 cash toward accounts payable.
7. The company paid $2,900 cash for equipment.
View transaction list
Journal entry worksheet
A
B C
D E E G
>
Record the owner investment in company.
Note: Enter debits before credits.
Transaction
General Journal
Debit
Credit
1.
Record entry
Clear entry
View general journal
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