Use below information to prepare general journal entries for Belle Co's 1 through 7 transactions. 1. D. Belle created a new business and invested $5,900 cash, $6,900 of equipment, and $12,900 in web servers. 2. The company paid $6,000 cash in advance for prepaid insurance coverage. 3. The company purchased $800 of supplies on account. 4. The company paid $600 cash for selling expenses. 5. The company received $6,000 cash for services provided. 6. The company paid $800 cash toward accounts payable. 7. The company paid $4,000 cash for equipment.
Use below information to prepare general journal entries for Belle Co's 1 through 7 transactions. 1. D. Belle created a new business and invested $5,900 cash, $6,900 of equipment, and $12,900 in web servers. 2. The company paid $6,000 cash in advance for prepaid insurance coverage. 3. The company purchased $800 of supplies on account. 4. The company paid $600 cash for selling expenses. 5. The company received $6,000 cash for services provided. 6. The company paid $800 cash toward accounts payable. 7. The company paid $4,000 cash for equipment.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Use below information to prepare general journal entries for Belle Co.'s 1 through 7 transactions.
1. D. Belle created a new business and invested $5,900 cash, $6,900 of equipment, and $12,900 in web servers.
2. The company paid $6,000 cash in advance for prepaid insurance coverage.
3. The company purchased $800 of supplies on account.
4. The company paid $600 cash for selling expenses.
5. The company received $6,000 cash for services provided.
6. The company paid $800 cash toward accounts payable.
7. The company paid $4,000 cash for equipment.
View transaction list
Journal entry worksheet
A B C
D E F
G
Record the cash payment for purchase of equipment.
Note: Enter debits before credits.
Transaction
General Journal
Debit
Credit
7.
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The journal is prepared to keep the record of day to day transactions.
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