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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
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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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. 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. Cash 1. Ending balance Ending balance Prepaid Insurance Ending balance Ending balance Web Servers Acc Ending balance Ending balance D. Belle, Capital Serv Ending balance Ending balance Selling Expense Ending balance
Transcribed Image Text: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. 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. Cash 1. Ending balance Ending balance Prepaid Insurance Ending balance Ending balance Web Servers Acc Ending balance Ending balance D. Belle, Capital Serv Ending balance Ending balance Selling Expense Ending balance
of the following T-accounts for Belle Company's actions listed here. The T-accounts represent Belle general ledger. Code each entry with transaction "ough 7 (in order) for reference. Cash Supplies Ending balance Prepaid Insurance Equipment Ending balance Web Servers Accounts Payable Ending balance D. Belle, Capital Services Revenue Ending balance Selling Expense
Transcribed Image Text:of the following T-accounts for Belle Company's actions listed here. The T-accounts represent Belle general ledger. Code each entry with transaction "ough 7 (in order) for reference. Cash Supplies Ending balance Prepaid Insurance Equipment Ending balance Web Servers Accounts Payable Ending balance D. Belle, Capital Services Revenue Ending balance Selling Expense
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