Answer Happy

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 $6,000 cash, $7,600 of equipment, and $12,000 in web servers in exchange for common stock. 2. The company paid $4,800 cash in advance for prepaid insurance coverage. 3. The company purchased $900 of supplies on account. 4. The company paid $800 cash for selling expenses. 5. The company received $4,500 cash for services provided. 6. The company paid $900 cash toward accounts payable. 7. The company paid $3,400 cash for equipment.
Journal entry worksheet A B C D E F G Record the owner investment in exchange for stock Note: Enter debits before credits. Transaction General Journal 1. Debit Credit >
Journal entry worksheet < A B с Record the insurance coverage purchased. Note: Enter debits before credits. Transaction General Journal 2. D E F G Debit Credit >
Journal entry worksheet <A B C Record the supplies purchased on account. Note: Enter debits before credits. Transaction General Journal 3. D E F G Debit Credit >
Journal entry worksheet < A B C Record the cash paid for selling expenses. Note: Enter debits before credits. Transaction General Journal 4. E F G Debit Credit >
Journal entry worksheet < A B C D E F G Record the cash received from customer for services provided. Note: Enter debits before credits. Transaction General Journal Debit 5. Credit >
Journal entry worksheet < A B C D E Record the payment made on payables. Note: Enter debits before credits. Transaction 6. General Journal F G Debit Credit >
Journal entry worksheet <A B C D E F Record the cash payment for purchase of equipment. Note: Enter debits before credits. Transaction General Journal 7. Debit Credit >