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 2-18 (Algo) Preparing general journal entries LO A1 Use above information to prepare general journal entries for Belle Co.'s 1 through 7 transactions. View transaction list Journal entry worksheet < A B C D E F G Record the owner investment in exchange for stock. Note: Enter debits before credits. Transaction 1. General Journal Debit Credit Record entry Clear entry View general journal Exercise 2-18 (Algo) Preparing general journal entries LO A1 Use above information to prepare general journal entries for Belle Co.'s 1 through 7 transactions. View transaction list Journal entry worksheet < A DE F G Record the insurance coverage purchased. Note: Enter debits before credits. Transaction General Journal Debit Credit 2. Record entry Clear entry View general journal Exercise 2-18 (Algo) Preparing general journal entries LO A1 Use above information to prepare general journal entries for Belle Co.'s 1 through 7 transactions. View transaction list Journal entry worksheet Exercise 2-18 (Algo) Preparing general journal entries LO A1 Use above information to prepare general journal entries for Belle Co.'s 1 through 7 transactions. View transaction list Journal entry worksheet < A B C D E Record the cash paid for selling expenses. LL F G Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal Exercise 2-18 (Algo) Preparing general journal entries LO A1 Use above information to prepare general journal entries for Belle Co.'s 1 through 7 transactions. View transaction list Journal entry worksheet < A B C D F G Record the cash received from customer for services provided. Note: Enter debits before credits. Transaction 5. General Journal Debit Credit Record entry Clear entry View general journal Exercise 2-18 (Algo) Preparing general journal entries LO A1 Use above information to prepare general journal entries for Belle Co.'s 1 through 7 transactions. View transaction list Journal entry worksheet > < A B C D E G Record the payment made on payables. Note: Enter debits before credits. Transaction General Journal Debit Credit View general journal Record entry Clear entry Exercise 2-18 (Algo) Preparing general journal entries LO A1 Use above information to prepare general journal entries for Belle Co.'s 1 through 7 transactions. View transaction list Journal entry worksheet < A B C D E F Record the cash payment for purchase of equipment. Note: Enter debits before credits. Transaction 7. General Journal Debit Credit Record entry Clear entry View general journal