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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 $5,500 cash, $7,100 of equipment, and $12,900 in web servers. 2. The company paid $4,800 cash in advance for prepaid insurance coverage. 3. The company purchased $800 of supplies on account. 4. The company paid $800 cash for selling expenses. 5. The company received $4,300 cash for services provided. 6. The company paid $800 cash toward accounts payable. 7. The company paid $4,000 cash for equipment.
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