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Architect David Delorme purchased supplies on account for $5,300. Later, Delorme paid $2,800 on account. Required 1. Journalize the two transactions on the books of

image text in transcribedimage text in transcribed Architect David Delorme purchased supplies on account for $5,300. Later, Delorme paid $2,800 on account. Required 1. Journalize the two transactions on the books of David Delorme, Architect. Include an explanation for each transaction. 2. The Accounts Payable T-account has been opened for you. Post the transactions to the T-account, and compute the balance. 3. How much does Delorme's business owe after both transactions? In which account does this amount appear

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