Chapter 2, Problem 13E

Exercise 2-13 Entering transactions into T-accounts A1

Fill in each of the following T-accounts for Belle Co.s seven transactions listed here. The T-accounts represent Belle Co/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 $6,000 cash. $7,600 of equipment, and $1,000 in web servers.
2. The company paid $4_,800 cash in advance for prepaid insurance coverage.
3. The company purchased $900 of supplies on account.
4. The company paid $800 cash for selling expenses.
5. The company received $4,500 cash for services provided.
6. The company paid $900 cash toward accounts payable.
7. The company paid $3,400 cash for equipment.

Cash	Supplies	Prepaid Insurance
Equipment	Web Servers	Accounts Payable
1 D. Belle, Capital	Services Revenue	Selling Expenses