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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.
- 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.
- The company paid $5,300 cash in advance for prepaid insurance coverage.
- The company purchased $600 of supplies on credit.
- The company paid $800 cash for selling expenses.
- The company received $5,000 cash for services provided.
- The company paid $600 cash toward accounts payable.
- 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.
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