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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
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.
- D. Belle created a new business and invested $7,000 cash, $6,000 of equipment, and $13,100 in web servers in exchange for common stock.
- The company paid $4,700 cash in advance for prepaid insurance coverage.
- The company purchased $800 of supplies on account.
- The company paid $700 cash for selling expenses.
- The company received $6,000 cash for services provided.
- The company paid $800 cash toward accounts payable.
- The company paid $3,900 cash for equipment.
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