Required information Use the following information for Exercises 17-18 below. (Algo) [The following information applies to the questions displayed below.] The transactions of Belle Co.'s appear below. 1. D. Belle created a new business and invested $6,300 cash, $7,200 of equipment, and $11,400 in web servers in exchange for common stock. 2. The company paid $4,500 cash in advance for prepaid insurance coverage. 3. The company purchased $700 of supplies on credit. 4. The company paid $900 cash for selling expenses. 5. The company received $5,400 cash for services provided. 6. The company paid $700 cash toward accounts payable. 7. The company paid $3,800 cash for equipment. Exercise 2-17 (Algo) Entering transactions into T-accounts LO A1 Cash Equipment 6,300 3,800 7. 1. 7,200 3,800 5. 5,400 End. bal. 7,900 End. bal. Common Stock Web Servers 11,400 End. bal. 11,400 Prepaid Insurance 4,500 End. bal. 4,500 Selling Expense 900 End. bal. 900 End. bal. 11,000 Supplies 700 End. bal. 700 Services Revenue End. bal. Accounts Payable 6. 700 End. bal. 700