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Use the following information for Exercises 17-18 below. (Algo) Skip to question [The following information applies to the questions displayed below.] The transactions of Belle

Use the following information for Exercises 17-18 below. (Algo)

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[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 web servers in 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.

Fill in each of the following T-accounts for Belle Companys seven transactions listed here. The T-accounts represent Belle Companys general ledger. Code each entry with transaction number 1 through 7 (in order) for reference.

  1. image text in transcribed
Cash Supplies Ending balance Ending balance Prepaid Insurance Equipment Ending balance Ending balance Web Servers Accounts Payable Ending balance Ending balance Common Stock Services Revenue Ending balance Ending balance Selling Expense Ending balance

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