Fill in each of 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 $5,200 cash, $6,800 of equipment, and $13,000 in web servers. 2. The company paid $5,000 cash in advance for prepaid insurance coverage. 3. The company purchased $800 of supplies on account. 4. The company paid $900 cash for selling expenses. 5. The company received $4,500 cash for services provided. 6. The company paid $800 cash toward accounts payable. 7. The company paid $2,500 cash for equipment. Cash Equipment 6,800 1. 5,000 2. 1. 7. 5. 900 4. 2,500 800 6. 2,500 7. End. bal. End. bal. 9,300 3. End. bal. End. bal. 5,200 4,500 500 D.Belle, Capital Supplies 800 800

Fill in each of 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 $5,200 cash, $6,800 of equipment, and $13,000 in web servers. 2. The company paid $5,000 cash in advance for prepaid insurance coverage. 3. The company purchased $800 of supplies on account. 4. The company paid $900 cash for selling expenses. 5. The company received $4,500 cash for services provided. 6. The company paid $800 cash toward accounts payable. 7. The company paid $2,500 cash for equipment. Cash Equipment 6,800 1. 5,000 2. 1. 7. 5. 900 4. 2,500 800 6. 2,500 7. End. bal. End. bal. 9,300 3. End. bal. End. bal. 5,200 4,500 500 D.Belle, Capital Supplies 800 800

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 5PB: Lavender Company started its business on April 1, 2019. The following are the transactions that...

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