On July 27, 2008, Colorcast Co. purchased \(\$ 1,875\) of supplies on account. In Colorcast Co.'s chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21.

a. Journalize the July 27, 2008, transaction on page 38 of Colorcast Co.'s two-column journal. Include an explanation of the entry.

b. Prepare a four-column account for Supplies. Enter a debit balance of \(\$ 735\) as of July 1, 2008. Place a check mark \((\checkmark)\) in the Posting Reference column.

c. Prepare a four-column account for Accounts Payable. Enter a credit balance of \(\$ 11,380\) as of July 1, 2008. Place a check mark ( \(\boldsymbol{\checkmark}\) ) in the Posting Reference column.

d. Post the July 27, 2008, transaction to the accounts.