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Required information [The following information applies to the questions displayed below.] The transactions of Belle Company appear below. 1. D. Belle created a new
Required information [The following information applies to the questions displayed below.] The transactions of Belle Company appear below. 1. D. Belle created a new business and invested $6,300 cash, $6,800 of equipment, and $13,000 in web servers in exchange for common stock. 2. The company paid $5,000 cash in advance for prepaid insurance coverage. 3. The company purchased $800 of supplies on credit. 4. The company paid $900 cash for selling expenses. 5. The company received $4,500 cash for services provided. 6. The company paid $800 cash toward accounts payable. 7. The company paid $2,500 cash for equipment. Fill in each of the following T-accounts for Belle Company's seven transactions listed here. The T-accounts represent Bell Company's general ledger. Code each entry with transaction number 1 through 7 (in order) for reference. Ending balance Ending balance Ending balance Cash Prepaid Insurance Web Servers Common Stock Ending balance Supplies Equipment Ending balance Accounts Payable Ending balance Ending balance Ending balance Selling Expense Ending balance Services Revenue
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