FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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[The following information applies to the questions displayed below.]
The transactions of Belle Company appear below.
- D. Belle created a new business and invested $6,400 cash, $7,100 of equipment, and $10,400 in web servers in exchange for common stock.
- The company paid $4,100 cash in advance for prepaid insurance coverage.
- The company purchased $900 of supplies on credit.
- The company paid $800 cash for selling expenses.
- The company received $5,900 cash for services provided.
- The company paid $900 cash toward accounts payable.
- The company paid $2,600 cash for equipment.
Fill in each of the following T-accounts for Belle Company’s seven transactions listed here. The T-accounts represent Belle Company’s general ledger. Code each entry with transaction number 1 through 7 (in order) for reference.
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