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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
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 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 Exercise 2-17 (Algo) Entering transactions into T-accounts LO A1 Fill in each of the following T-accounts for Belle Company's seven transactions listed here. The T-accounts represent Belle Company's general ledger. Code each entry with transaction number 1 through 7 (in order) for reference.
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