The transactions of Belle Company’s appear below.D. Belle created a new business and invested $6,700 cash, $7,600 of equipment, and $10,800 in web servers.The company paid $4,000 cash in advance for prepaid insurance coverage.The company purchased $700 of supplies on credit.The company paid $600 cash for selling expenses.The company received $4,500 cash for services provided.The company paid $700 cash toward accounts payable.The company paid $2,900 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. CashSuppliesEnding balanceEnding balancePrepaid InsuranceEquipmentEnding balanceEnding balanceWeb ServersAccounts PayableEnding balanceEnding balanceD. Belle, CapitalServices RevenueEnding balanceEnding balanceSelling ExpenseEnding balance

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter16: Accounting Periods And Methods
Section: Chapter Questions
Problem 33P
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The transactions of Belle Company’s appear below.D. Belle created a new business and invested $6,700 cash, $7,600 of equipment, and $10,800 in web servers.The company paid $4,000 cash in advance for prepaid insurance coverage.The company purchased $700 of supplies on credit.The company paid $600 cash for selling expenses.The company received $4,500 cash for services provided.The company paid $700 cash toward accounts payable.The company paid $2,900 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. CashSuppliesEnding balanceEnding balancePrepaid InsuranceEquipmentEnding balanceEnding balanceWeb ServersAccounts PayableEnding balanceEnding balanceD. Belle, CapitalServices RevenueEnding balanceEnding balanceSelling ExpenseEnding balance 

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