FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Use the following information for Exercises 17-18 below. (Algo)
[The following information applies to the questions displayed below.]
The transactions of Belle Company's appear below.
1. D. Belle created a new business and invested $5,400 cash, $6,900 of equipment, and $12,000 in web servers.
2. The company paid $4,000 cash in advance for prepaid insurance coverage.
3. The company purchased $700 of supplies on credit.
4. The company paid $900 cash for selling expenses.
5. The company received $5,400 cash for services provided.
6. The company paid $700 cash toward accounts payable.
7. The company paid $2,500 cash for equipment.
H
Exercise 2-17 (Algo) Entering transactions into T-accounts LO A1
Fill in each of the following T-accounts for Belle Company's seven transactions listed here. The T-accounts represent Belle Compan
general ledger. Code each entry with transaction number 1 through 7 (in order) for reference.
11640
Cash
5,400
5.400
4,000 2.
9004
3.
Supplies
700
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Required information
Use the following information for Exercises 17-18 below. (Algo)
[The following information applies to the questions displayed below.]
The transactions of Belle Company's appear below.
1. D. Belle created a new business and invested $5,400 cash, $6,900 of equipment, and $12,000 in web servers.
2. The company paid $4,000 cash in advance for prepaid insurance coverage.
3. The company purchased $700 of supplies on credit.
4. The company paid $900 cash for selling expenses.
5. The company received $5,400 cash for services provided.
6. The company paid $700 cash toward accounts payable.
7. The company paid $2,500 cash for equipment.
H
Exercise 2-17 (Algo) Entering transactions into T-accounts LO A1
Fill in each of the following T-accounts for Belle Company's seven transactions listed here. The T-accounts represent Belle Compan
general ledger. Code each entry with transaction number 1 through 7 (in order) for reference.
11640
Cash
5,400
5.400
4,000 2.
9004
3.
Supplies
700
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28
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