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.
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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F96cf98d8-f300-4264-acfd-f0f350d5c0d2%2Fcaa314d3-ddae-49de-9974-37a4ed027d89%2Fmmqwma9_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F96cf98d8-f300-4264-acfd-f0f350d5c0d2%2Fcaa314d3-ddae-49de-9974-37a4ed027d89%2Fre7zgac_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
![](/static/compass_v2/shared-icons/check-mark.png)
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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