The transactions of Belle Company's appear below.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.Cash1.5.5,300 2.800 4.600 6.6,4005,0003.3,000 7.Ending balance1,700Ending balancePrepaid InsuranceEc2.5,3006,01.7.3,0Ending balance5,300Ending balance9,0Web ServersAcco1.12,4006.Ending balance12,400Ending balanceD. Belle, CapitalServic24,800 1.5.5,0Ending balance24,800Ending balance5,0Selling Expense4.800Ending balance800 Company's appear below.v business and invested $6,400ment, and $12,400 in web servers.,300 cash in advance for prepaidied $600 of supplies on credit.00 cash for selling expenses.d $5,000 cash for services00 cash toward accounts payable.,000 cash for equipment.g T-accounts for Belle Company'snere. The T-accounts represent Beller. Code each entry with transactionler) for reference.Supplies5,300 2.800 4.600 6.3.6003,000 7.Ending balance600anceEquipment1.6,0007.3,000Ending balance9,000rsAccounts Payable600 3.6.600Ending balanceitalServices Revenue24,800 1.5.5,00024,800Ending balance5,000nse

Name: The transactions of Belle Company's appear below.1. D. Belle created
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Description: The transactions of Belle Company's appear below.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 purc

Cash Reference Number Amount Amount Reference Number 1 $ 6,400 $ 5,300 2 5…

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The transactions of Belle Company's appear below. 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.

The transactions of Belle Company's appear below. 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.

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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