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I just need #2 and #3 Consultant Harvey Holman purchased supplies on account for $5,300. Later Holman paid $3,650 on account. 1. Journalize the two
I just need #2 and #3
Consultant Harvey Holman purchased supplies on account for $5,300. Later Holman paid $3,650 on account. 1. Journalize the two transactions on the books of Harvey Holman, Consultant. Include an explanation for each transaction. 2. A T-account for Accounts Payable has been opened. Post to Accounts Payable. Compute the balance and denote it as Bal. 3. How much does the business owe after both transactions? In which account does this amount appear? 1. Journalize the two transactions on the books of Harvey Holman, 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 Harvey Holman purchased supplies on account for $5,300. 2. A T-account for Accounts Payable has been opened. Post to Accounts Payable. Compute the balance and denote it as Bal. (For each transaction, select the transaction number used in the journal entries above as a posting reference. Denote the ending balance as Bal.)Step by Step Solution
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