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Use below information to prepare general journal entries for Belle Co.'s 1 through 7 transactions. 1. D. Belle created a new business and invested $6,000
Use below information to prepare general journal entries for Belle Co.'s 1 through 7 transactions. 1. D. Belle created a new business and invested $6,000 cash, $7,600 of equipment, and $12,000 in web servers in exchange for common stock. 2. The company paid $4,800 cash in advance for prepaid insurance coverage. 3. The company purchased $900 of supplies on account. 4. The company paid $800 cash for selling expenses. 5. The company received $4,500 cash for services provided. 6. The company paid $900 cash toward accounts payable. 7. The company paid $3,400 cash for equipment. 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 Journal entry worksheet < A B C D E F G > Record the insurance coverage purchased. Note: Enter debits before credits. Transaction 2. General Journal Debit Credit Journal entry worksheet < A B C D E F G > Record the supplies purchased on account. Note: Enter debits before credits. Transaction 3. General Journal Debit Credit Journal entry worksheet > A B C D E F G > Record the cash paid for selling expenses. Note: Enter debits before credits. Transaction 4. General Journal Debit Credit Journal entry worksheet < A B C D E F G Record the cash received from customer for services provided. Note: Enter debits before credits. Transaction 5. General Journal Debit Credit > Journal entry worksheet < A B C D E Record the payment made on payables. LL G Note: Enter debits before credits. Transaction 6. General Journal Debit Credit C 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
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