Calculator Journalizing and posting Chart of Accounts Journal Ledger Final Question Instructions On February 11, 2049, Quick Fix Company purchased $2,250 of supplies on account. In Quick Fix's chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21. Required: a. Journalize and insert the posting references for the February 11, 2019, transaction on page 73 of Quick Fix Company's two-column journal. Refer to the Chart of Accounts for exact wording of account titles. b. Enter a debit balance of $400 as of February 1, 2049. Enter "Balance" in the Item column and place a check mark (V) in the Posting Reference column. C. Enter a credit balance of $18,300 as of February 1, 2049. Enter "Balance in the Item column and place a check mark (V) in the Posting Reference column. d. Post and insert posting references for the February 11, 2089, transaction to the accounts. e. Do the rules of debit and credit apply to all companies? I nstructions or Chart of Accounts CHART OF ACCOUNTS Quick Fix Company General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 42 Sales Commission 13 Land 14 Prepaid Rent EXPENSES 51 Advertising Expense 15 Supplies ........... EXPENSES structions Chart of Accounts 14 Prepaid Rent 15 Supplies 16 Equipment 17 Automobiles 51 Advertising Expense 52 Automobile Expense 53 Insurance Expense 54 Rent Expense 55 Wages Expense 56 Supplies Expense 57 Utilities Expense 58 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Unearned Rent 23 Notes Payable 24 Salaries Payable EQUITY 24 Salaries Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Instructions Or Chart of Accounts Journal lounts, the supplies account is No. 15, and the accounts payable account is a. Journalize and insert the posting references for the February 11, 2019, transaction on page 73 of Quick Fix Company's two-column journal. Refer to the Chart of Accounts for exact wording of account titles. JOURNAL PAGE 73 ACCOUNTING EQUATION DESCRIPTION POST. REF. DEBIT CREDIT ASSETS. LIABILITIES EQUITY Previous Next > All work saved. Email Instructor Submit Test for Grading 9 EIU*%X = AJ NOW? xlounts, the supplies account is No. 15, and the accounts payable nc Instruchons Or Chart of Accounts Journal Ledger Berat balance of $400 as of February 1, 2019. Enter Balance in the Item column and place a check mark (M) in the Posting Reference e E a balance of $18.300 as of February 1, 2019. Enter Balance in the team column and place a check mark (M in the Posting Reference column d. Post and insert posting references for the February 11, 2099, transaction to the accounts. LEDGER Account Supplies Account Accounts Payable Account No. 15 Account No. 21 Previous N urnalizing and posting Journal Ledger Final Questi nstructions or Chart of Accounts Journal Ledger Final Question the / e. Do the rules of debit and credit apply to all companies? "in th Yes to the EDGER All work saved