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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 (a sole proprietorship). Code each
Fill in each of following T-accounts for Belle Co.s seven transactions listed here. The T-accounts represent Belle Co.s general ledger (a sole proprietorship). Code each entry with transaction number 1 through 7 (in order) for reference.
- D. Belle created a new business and invested $5,100 cash, $6,000 of equipment, and $11,500 in web servers {Note: Web servers are recorded in a seprate T-account from the equipment}.
- The company paid $4,600 cash in advance for prepaid insurance coverage.
- The company purchased $600 of supplies on account.
- The company paid $600 cash for selling expenses for the current period.
- The company received $4,000 cash for services provided.
- The company paid $600 cash toward accounts payable.
- The company paid $2,700 cash for purchase of equipment.
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