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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
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 $6,700 cash, $6,800 of equipment, and $11,300 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 account. 4. The company paid $600 cash for selling expenses. 5. The company received $5,900 cash for services provided. 6. The company paid $800 cash toward accounts payable. 7. The company paid $2,500 cash for equipment. View transaction list Journal entry worksheet < A B CDEFG 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
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