Download and refer to this worksheet for use with this exam. It contains figures referenced throughout...

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Download and refer to this worksheet for use with this exam. It contains figures referenced throughout the exam for you to fill out, and you may need information from a figure in more than one question 3. Use the following information to answer the question First, add Accounts Payable-d. C. Hollings and Accounts Payable-Craft Blank from the transactions prepared in Exam Figure 2 to the chart of accounts in Exam Figure 1. Analyze and prepare journal entries the following transactions on the form provided in Exam Figure 2. Pencil-foot the debit and credit columns (A) 5/1-Purchased a new calculator for the office for 5000 on account from J. C. Hollings, Inc., memo 3 (8)5/2-Purchased $3,500 of equipment for the store on account from Craft Bank, memo 4. (C) 64-Paid cash, $42.92, for supplies, check 4. (D) 5/5-Paid cash, $1,000, to Belhaven Bank for amount owed on account, (check). Next, open all ledger accounts using the form in Exam Figure 3. Then, post the journal entries from Exam Figure 2 to the ledger accounts and balance each ledger account. Be sure to post the balance of each account (the information is shown below) before you post the transactions you just journalized. Accounts Payable-Belhaven Bank-$5,000 P. Woodsley, Capital-$5,256.82 Cash-$4,056.82 Prepaid Insurance-$500 Accounts Payable-Taylor Investments-$3,700 Equipment-Store-$4,500 Equipment-Office-$4,400 Supplies $500 After posting the journal entries to the ledger, what is the balance of the Craft Bank account? Download and refer to this worksheet for use with this exam. It contains figures referenced throughout the exam for you to fill out, and you may need information from a figure in more than one question 3. Use the following information to answer the question First, add Accounts Payable-d. C. Hollings and Accounts Payable-Craft Blank from the transactions prepared in Exam Figure 2 to the chart of accounts in Exam Figure 1. Analyze and prepare journal entries the following transactions on the form provided in Exam Figure 2. Pencil-foot the debit and credit columns (A) 5/1-Purchased a new calculator for the office for 5000 on account from J. C. Hollings, Inc., memo 3 (8)5/2-Purchased $3,500 of equipment for the store on account from Craft Bank, memo 4. (C) 64-Paid cash, $42.92, for supplies, check 4. (D) 5/5-Paid cash, $1,000, to Belhaven Bank for amount owed on account, (check). Next, open all ledger accounts using the form in Exam Figure 3. Then, post the journal entries from Exam Figure 2 to the ledger accounts and balance each ledger account. Be sure to post the balance of each account (the information is shown below) before you post the transactions you just journalized. Accounts Payable-Belhaven Bank-$5,000 P. Woodsley, Capital-$5,256.82 Cash-$4,056.82 Prepaid Insurance-$500 Accounts Payable-Taylor Investments-$3,700 Equipment-Store-$4,500 Equipment-Office-$4,400 Supplies $500 After posting the journal entries to the ledger, what is the balance of the Craft Bank account?