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John Smith Optical Dispensary completed the following transactions during the latter part of March: Mar. 15 Purchased office supplies on account, 53,000 2 Paid $1.500
John Smith Optical Dispensary completed the following transactions during the latter part of March: Mar. 15 Purchased office supplies on account, 53,000 2 Paid $1.500 an account Read the requirements. Requirement 1. Journalze the transactions of John Smith Optical Dispensary include an explanation with each Journal entry. (Record dehl's first, then credits. Select the explanation on the last line of the journal entry table.) Mar. 15 Purchase of supplus on subuni. 33,800. Data Accounts and Explanation Debit Credit Mar. 15 Mar 28 Paid $1600 on Amour Dain Accounts and Explanation Debit Credit Mar. 20 Requirement 2. The following T-accounts have been opened for you: Cast Beginning Bakre of $21,000). Office Suppies, and Aucania Payable. Post the curral entries from Requirement 1 to the sounts, and compute the balance in each account. (Usa Bal." posting reference on the proper side of each account to show the anding balances of the accounts.) Canh Accounts Payable B. 21,000 Office Supplies
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