Hector Sullivan Optical Dispensary completed the following transactions during the latter part of March:

Mar. $15$ Purchased office supplies on account, $$2,700$

Mar. $28$ Paid $$800$ on account.

Read the requirements.

line of the journal entry table.$)$

Mar. $15$: Purchased office supplies on account, $$2,700.$

Requirements

Journalize the transactions of Hector Sullivan Optical Dispensary. Include an

explanation with each journal entry.

The following T$-$accounts have been opened for you: Cash $($Beginning

Balance of $$20,000),$ Office Supplies, and Accounts Payable. Post the journal

entries from Requirement $1$ to the accounts, and compute the balance in

each account.