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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 $7,000
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 $7,000 cash, $6,000 of equipment, and $13,100 in web servers. 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 $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. View transaction list Journal entry worksheet Record the owner investment in company. Note: Enter debits before credits. General Journal Debit Credit Transaction 1. Record entry Clear entry View general journal
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