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 $6,500 cash, $7,500 of equipment, and $13,400 in web servers. 2. The company paid $5,000 cash in advance for prepaid insurance coverage. 3. The company purchased $800 of supplies on account. 4. The company paid $900 cash for selling expenses. 5. The company received $5,400 cash for services provided. 6. The company paid $800 cash toward accounts payable. 7. The company paid $3,500 cash for equipment. View transaction list View journal entry worksheet No Transaction General Journal Debit Credit A Cash 6,500 Equipment 7,500 Web servers 13.400 B 2 Prepaid insurance Cash 5,000 5,000 C 3. Supplies Account naushla 800 ennl < Prev 14 of 24 Next >