Can you find the right answer for me please because it says the answers I put in are wrong . Can you fix the red parts and make sure everything is correct . Can you send it in a box just like the graph accounts for Belle Company'se. The T-accounts represent Belleode each entry with transactionfor reference.Answer is not complete.Supplies4.3.600 V6.V7.Ending600balanceEquipment2.1.6,0007.3,000 OEndingbalance9,000Accounts Payable3.600 X6.600 OEndingbalance1,200Services Revenue5.5,000 XEnding5,000balance4.loloool000 1. D. Belle created a new business and invested $6,400cash, $6,000 of equipment, and $12,400 in web servers.2. The company paid $5,300 cash in advance for prepaidinsurance coverage.3. The company purchased $600 of supplies on credit.4. The company paid $800 cash for selling expenses.5. The company received $5,000 cash for servicesprovided.6. The company paid $600 cash toward accounts payable.7. The company paid $3,000 cash for equipment.Fill in each of the following T-accounts for Belle Company'sseven transactions listed here. The T-accounts represent BelleCompany's general ledger. Code each entry with transactionnumber 1 through 7 (in order) for reference.X Answer is not complCash1.6,400 O5,300 O 2.5.5,000 O800 O 4.3.60600 O 6.3,0007.EndingbalanceEnding balance1,70060Prepaid Insurance5,300 x 21.6,007.3,00EndingEnding balance5,3009,00balanceWeb ServersAcco1.12,400 O3.606.60EndingEnding balance12,4001,20balanceD. Belle, CapitalServi1.* 24,800 X5.5,00EndingbalanceEnding balance24,8005,00Selling Expenseonn ala0000

Answered: 1. D. Belle created a new business and…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Can you find the right answer for me please because it says the answers I put in are wrong . Can you fix the red parts and make sure everything is correct . Can you send it in a box just like the graph

accounts for Belle Company's
e. The T-accounts represent Belle
ode each entry with transaction
for reference.
Answer is not complete.
Supplies
4.
3.
600 V
6.
V7.
Ending
600
balance
Equipment
2.
1.
6,000
7.
3,000 O
Ending
balance
9,000
Accounts Payable
3.
600 X
6.
600 O
Ending
balance
1,200
Services Revenue
5.
5,000 X
Ending
5,000
balance
4.
loloool
000

1. D. Belle created a new business and invested $6,400
cash, $6,000 of equipment, and $12,400 in web servers.
2. The company paid $5,300 cash in advance for prepaid
insurance coverage.
3. The company purchased $600 of supplies on credit.
4. The company paid $800 cash for selling expenses.
5. The company received $5,000 cash for services
provided.
6. The company paid $600 cash toward accounts payable.
7. The company paid $3,000 cash for equipment.
Fill in each of the following T-accounts for Belle Company's
seven transactions listed here. The T-accounts represent Belle
Company's general ledger. Code each entry with transaction
number 1 through 7 (in order) for reference.
X Answer is not compl
Cash
1.
6,400 O
5,300 O 2.
5.
5,000 O
800 O 4.
3.
60
600 O 6.
3,000
7.
Ending
balance
Ending balance
1,700
60
Prepaid Insurance
5,300 x 2
1.
6,00
7.
3,00
Ending
Ending balance
5,300
9,00
balance
Web Servers
Acco
1.
12,400 O
3.
60
6.
60
Ending
Ending balance
12,400
1,20
balance
D. Belle, Capital
Servi
1.
* 24,800 X
5.
5,00
Ending
balance
Ending balance
24,800
5,00
Selling Expense
onn ala
0000

Expert Solution

Introduction :

See , you have posted debit items into credit and credit items into debit , Otherwise the whole answer is correct .

I ll help you . Make sure to post Debit items into debit column ( 2nd column ) and credit items into credit column ( 3rd column ).

In the following answer the debit and credit columns are clearly written.

Also , Except the heading of Sr. No , debit and credit the box looks like graph. The heading is done for your understanding.

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