Refer to the T-accounts in Exercise 3-7. Compute ending balances and prepare Belle Compa...

Refer to the T-accounts in Exercise 3-7. Compute ending balances and prepare Belle Company’s balance sheet. Assume the balance sheet is dated December 31, 2010. (Hint: The December 31, 2010, D. Belle, Capital account balance is $29,280.)

Assume the following T-accounts reflect Belle Co.’s accounts and that seven transactions are posted to them. Provide a short description of each of the seven transactions a through g of Belle Co. Include dollar amounts in your descriptions.