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Journalisting and Posting On February 11, 2019, Quick Fix Company purchased $2,980 of supplies on account. In Quick Fix's chart of accounts, the supplies account
Journalisting and Posting On February 11, 2019, Quick Fix Company purchased $2,980 of supplies on account. In Quick Fix's chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21. a. Journalize and insert the posting reference for the February 11, 2019, transaction on page 73 of Quick Fix Company's two-column joumal. If an amount box does not require an entry, leave it blank, Page: 73 POST. DATE ACCOUNT TITLE CREDIT REF. 1 2/11/2009 1 DEBIT 388 2 2. b. d. Enter a debit balance of $1.430 as of February 1, 2049. Place a check mark (V) in the Posting Reference column Post and insert the posting reference for the February 11, 2019, transaction to the account. If an amount box does not require an entry, leave it blank. GENERAL LEDER Account Supplies Account No. 15 POST BALANCE DATE ITEM DEBIT CREDIT REF DEBIT CREDIT 2/1/2049 Balance 2/11/2049 c. 1 d. Enter a credit balance of $21,220 as of February 1, 2019. Place a check mark () in the Posting Reference column Post and insert the posting reference for the February 11, 2019, transaction to the account. If an amount box does not require an entry leave it blank GENERAL LEDGER Account Accounts Payable Account No. 21 BALANCE 12/11/2019 388; 2 b. & d. Enter a debit balance of $1,430 as of February 1, 2049. Place a check mark (v) in the Posting Reference column. Post and insert the posting reference for the February 11, 2019, transaction to the account. If an amount box does not require an entry, leave it blank. GENERAL LEDGER Account Supplies Account No. 15 POST. BALANCE DATE ITEM DEBIT CREDIT REF. DEBIT CREDIT 2/1/2019 Balance 2/11/2019 c. & d. Enter a credit balance of $21,220 as of February 1, 2049. Place a check mark (v) in the Posting Reference column Post and insert the posting reference for the February 11, 2049, transaction to the account. Ifon amount box does not require an entry, leave it blank GENERAL LEDGER Account Accounts Payable Account No. 21 POST BALANCE DATE DEBIT CREDIT REF. CREDIT ITEM DEBIT 2/1/2049 Balance 2/11/2019 e. Do the rules of debit and credit apply to all companies
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