Consultant Janice Greene purchased supplies on account for $4,600. Later Greene paid $4,150 on account. 1. 2. Journalize the two transactions on the books of Janice Greene, Consultant. Include an explanation for each transaction. A T-account for Accounts Payable has been opened. Post to Accounts Payable. Compute the balance and denote it as Bal. How much does the business owe after both transactions? In which account does this amount appear? 3. 1. Journalize the two transactions on the books of Janice Greene, architect. Include an explanation for each transaction. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Architect Janice Greene purchased supplies on account for $4,600. Journal Entry Accounts and Explanations Debit Credit 1