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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 business
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 $7,000 cash, $6,000 of equipment, and $ 13,100 in web servers in exchange for common stock. 2. The company paid $4,700 cash in advance for prepaid insurance coverage. 3. The company purchased $800 of supplies on credit. 4. The company paid $700 cash for selling expenses. 5. The company received $6,000 cash for services provided. 6. The company paid $800 cash toward accounts payable. 7. The company paid $3,900 cash for equipment.. Use above information to prepare general journal entries for Belle Company's 1 through 7 transactions.
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