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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 $6,400 cash, $6,000 of equipment, and $12,400 in we exchange for common stock. 2. The company paid $5,300 cash in advance for prepaid insurance coverage. 3. The company purchased $600 of supplies on credit. 4. The company paid $800 cash for selling expenses. 5. The company received $5,000 cash for services provided. 6. The company paid $600 cash toward accounts payable. 7. The company paid $3,000 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 repre general ledger. Code each entry with transaction number 1through 7(in order) for reference. 1. Cash Supplies 2. Ending balance 3. 4. paid Insurance. Equipment
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