Web ServersService RevenueEnd. bal.End. bal.Prepaid InsuranceAccounts PayableEnd. bal.End. bal.Selling ExpenseEnd. bal. 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 $6,300 cash, $7,800 of equipment, and $12,700 in web servers.2. The company paid $5,700 cash in advance for prepaid insurance coverage.3. The company purchased $700 of supplies on account.4. The company paid $900 cash for selling expenses.5. The company received $4,100 cash for services provided.6. The company paid $700 cash toward accounts payable.7. The company paid $2,900 cash for equipment.CashEquipmentEnd. bal.End. bal.D.Belle, CapitalSuppliesEnd. bal.End. bal.

T accounts are the general ledger accounts which are setup for the purpose of classification of…

Answered: Fill in each of following T-accounts…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 5PA: Inner Resources Company started its business on April 1, 2019. The following transactions occurred...

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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. 900 4. 1. 7. 5. 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 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 $12,000 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.
Fill in each of following T-accounts for Belle Co.'s seven transactions listed here. The T-accounts represent Belle Co.'s general ledge 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 End. bal. End. bal. D.Belle, Capital Supplies End. bal. End. bal. Web Servers Service Revenue
Here are selected transactions of Mason Consulting Service. Post the transactions into the appropriate Ledger accounts. DATE TRANSACTIONS 20X1 Sept. 1 Zack Mason invested $41,000 in cash to start the firm. 4 Purchased office equipment for $4,600 on credit from Den, Inc.; received Invoice 9823, payable in 30 days. 16 Purchased an automobile that will be used to visit clients; issued Check 1001 for $12,600 in full payment. 20 Purchased supplies for $330; paid immediately with Check 1002. 23 Returned damaged s upplies for a cash refund of $75. 30 Issued Check 1003 for $2,750 to Den, Inc., as payment on account for Invoice 9823. 30 Withdrew $1,100 in cash for personal expenses. 30 Issued Check 1004 for $750 to pay the rent for October. 30 Performed services for $3,200 in cash. 30 Paid $340 for monthly telephone bill, Check 1005.
Please provide journal entries for the following: 1. Deposited P900,000 in the bank and contributed a systems library valued at P390,000 to start a business.2. Paid office rent for the month, P36,000.3. Acquired computer equipment for cash, P700,000.4. Purchased computer supplies on credit, P60,000.5. Received payment from a client for programing done, P280,000.6. Billed a client on completion of a programming project, P71,000.7. Paid salaries, P80,000.8. Received a partial payment from the client billed, P61,000.9. Withdrew P25,000 for personal expenses.10. Made partial payment on the supplies purchased, P30,000
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 $5,400 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 account. 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. View transaction list Journal entry worksheet A в с D E F G > Record the owner investment in company. Note: Enter debits before credits. Transaction General Journal 1. Debit Credit
Here are selected transactions of Mason Consulting Service. Post the transactions into the appropriate Ledger accounts DATE TRANSACTIONS 20X1 Sept. 1 Zack Mason invested $41,000 in cash to start the firm. 4 Purchased office equipment for $4,600 on credit from Den, Inc.; received Invoice 9823, payable in 30 days. 16 Purchased an automobile that will be used to visit clients; issued Check 1001 for $12,600 in full payment. 20 Purchased supplies for $330; paid immediately with Check 1002. 23 Returned damaged supplies for a cash refund of $75. 30 Issued Check 1003 for $2,750 to Den, Inc., as payment on account for Invoice 9823. 30 Withdrew $1,100 in cash for personal expenses. 30 Issued Check 100ø4 for $750 to pay the rent for October. 30 Performed services for $3,200 in cash. 30 Paid $340 for monthly telephone bill, Check 1005.
Home Office collected 100,000 from Branch’s customers on account. Requirements:a. Prepare the journal entries for both the Home Office and Branch books based on theabove transactions.
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 Record the supplies purchased on account. Note: Enter debits before credits. Transaction General Journal Debit Credit 3.
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 В C D E F G > Record the cash received from customer for services provided. Note: Enter debits before credits. Transaction General Journal Debit Credit 5.
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.
Mr. Tristan Siy III established Siy Bookkeeping Services and had the following transactions for the month of February: 4 19 15 18 19 Received P35,000 cash from customers in payment of their account. Paid in cash and received an official receipt 20 from the supplier for payment of accounts, 21 28 28 Investment of P150,000 cash fund by Mr. Siy into the business. 28 Received a Charge Invoice from a supplier for the purchase of a desktop computer amounting to P32,500. The computer is estimated to be useful for five years and have a salvage value of P2,500 thereafter. Purchased supplies amounting to P18,000 in cash. Paid P6,000 insurance for six months. Issued a Service Invoice for an amount of P50,000 to a customer for services rendered on account. P20,000. Rendered services to customers billed for P30,000. Cash payment of P15,000 for the salary of an employee. Mr. Siy withdrew P12,000 cash from the business. Paid the telephone bill for February amounting to P3,000.

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