Directions: 1) Prepare journal entries for the below transactions 2) Post the journal entries to ledger accounts 3) Calculate the ending ledger balance Problem #28 Sept 18, Blue Company purchased $5,000 of supplies on credit. Today is Oct 10th and Blue Company uses cash to pay the $5,000 due on the supplies (Record JE for Oct 10th only). Date Accounts Debit Credit Cash 25,000 Accounts Payable 5,000 Problem #29 Oct 12, Research, Inc. purchased $100,000 of office supplies on credit. Today is Nov 10th, and the company pays the amount due on the office supplies. Record JE for Nov 10th only. Date Accounts Debit Credit Cash 689,000