Exercise 2-14 Preparing general journal entries LO P1 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, 87.600 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. View transaction list Journal entry worksheet E F G > Record the owner investment in exchange for stock Note: Entert before credits Transaction General Journal Debit Credit MacBook Pro c G Search or type URL 2 2 # 3 $ 4 % 5 6 & 7 8 9 o W E R T Y U - O S D F G I J K L C 1