Question

eBook e Show Me How Calculator Pritem Joumalizing and Posting On September 18, 2014, Carbon Company purchased $3,760 of supplies on account. In Carbon Company's chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21 a. Journalize the September 18, 2014, transaction on page 87 of Carbon Company's two-column journal. If an amount box does not require an entry, leave it blank. Page: B7 DATE POST DESCRIPTION REF DEBIT CREDIT Sept. 18, 2014 b. & d. In the four column account for Supplies, enter a debit balance of $1,000 as of September 1, 2014. Place a check mark (/) in the Posting Reference column. Post the September 18,2014, transaction to the account. For those boxes in which no entry is required, leave the box blank GENERAL LEDGER Account Supplies Account No. 15 BALANCE REF DEBIT CREDIT POST. DATE ITEM DEBIT CREDIT Sept. 1, 2014 Balance Sept. 18, 2014 c. & d. In the four column account for Accounts Payable, enter a credit balance of $26,770 as of September 1, 2014. Place a check mark (V) in the Posting Reference column Post the Setember 2014. Transaction to the account For those hoxes in which is ruired love the box hank

Answer 1

Solution to question a:

				Pg 87
Date	Description	Post. Ref.	Debit	Credit
Sep 18, 20Y4	Supplies	15	$3,760
	Accounts payable	21		$3,760
	(To record purchase of supplies on account)

Solution to question b, c & d:

GENERAL LEDGER
Account Supplies					Account no. 15
					Balance
Date	Item	Post. Ref	Debit	Credit	Debit	Credit
Sep 1, 20Y4	Balance	Check mark	-	-	$1,800	-
Sep 18, 20Y4		GJ87	$3,760	-	$5,560	-
Account Accounts payable					Account no. 21
					Balance
Date	Item	Post. Ref	Debit	Credit	Debit	Credit
Sep 1, 20Y4	Balance	Check mark	-	-	-	$26,770
Sep 18, 20Y4		GJ87	-	$3,760	-	$30,530