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.CashSuppllesPrepald InsuranceEquipmentWeb ServersAccounts PayableD. Belle, CapitalServices RevenueSelling Expenses

T-account: T-account refers to an individual account, where the increases or decreases in the value…

Answered: 1. D. Belle created a new business and…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 19EA: A business has the following transactions: The business is started by receiving cash from an...

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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.
Cash
Supplles
Prepald Insurance
Equipment
Web Servers
Accounts Payable
D. Belle, Capital
Services Revenue
Selling Expenses

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