Required Information [The following information applies to the questions displayed below.] The transactions of Belle Company's appear below. 1. D. Belle created a new business and invested $6,000 cash, $8,000 of equipment, and $12,200 in web servers. 2. The company paid $4,900 cash in advance for prepaid insurance coverage. 3. The company purchased $800 of supplies on credit. 4. The company paid $800 cash for selling expenses. 5. The company received $5,400 cash for services provided. 6. The company paid $800 cash toward accounts payable. 7. The company paid $3,500 cash for equipment. = above information to prepare general journal entries for Belle Company's 1 through 7 transactions. View transaction list

Required Information [The following information applies to the questions displayed below.] The transactions of Belle Company's appear below. 1. D. Belle created a new business and invested $6,000 cash, $8,000 of equipment, and $12,200 in web servers. 2. The company paid $4,900 cash in advance for prepaid insurance coverage. 3. The company purchased $800 of supplies on credit. 4. The company paid $800 cash for selling expenses. 5. The company received $5,400 cash for services provided. 6. The company paid $800 cash toward accounts payable. 7. The company paid $3,500 cash for equipment. = above information to prepare general journal entries for Belle Company's 1 through 7 transactions. View transaction list

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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Required information [The following information applies to the questions displayed below.] The transactions of Belle Company appear below. 1. D. Belle created a new business and invested $5,600 cash, $6,000 of equipment, and $11,100 in web servers in exchange for common stock. 2. The company paid $4,600 cash in advance for prepaid insurance coverage. 3. The company purchased $800 of supplies on credit. 4. The company paid $600 cash for selling expenses. 5. The company received $5,200 cash for services provided. 6. The company paid $800 cash toward accounts payable. 7. The company paid $3,300 cash for equipment. Use above information to prepare general journal entries for Belle Company's 1 through 7 transactions. View transaction list Journal entry worksheet A C D F G > Record the owner investment.
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