Journalizing and Posting On September 18, 20Y4, Carbon Company purchased $3,330 of supplies on account. In Carbon Company's chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21. a. Journalize the September 18, 2014, transaction on page 87 of Carbon Company's two-column journal. If an amount box does not require an entry, leave it blank. Page: 87 DATE DESCRIPTION POST. REF. DEBIT CREDIT Sept. 18, 2014 Supplies Accounts Payable Feedback Check My Work a. First, identify what account is used and then what type of account is used. Every account is either an asset, liability, owner's equity, drawing, revenue, or expense account. Then determine whether the account increases or decreases. Each increase or decrease is recorded as a debit or credit following the rules of debit and credit. Remember total debits should equal total credits in your entry. b. & d. In the four-column account for Supplies, enter a debit balance of $1,600 as of September 1, 2014. Place a check mark (V) in the Posting Reference column. Post the September 18,2084, transaction to the account. For those boxes in which no entry is required, leave the box blank. GENERAL LEDGER Account Supplies Account No. 15 BALANCE DATE ITEM POST. REF. DEBIT CREDIT DEBIT CREDIT Sept. 1, 2014 Balance 0 Sept. 18, 2014 Feedback Check My Work b. See the illustration in Exhibit 5 in the text. Every account is in the ledger, which usually uses a formal 4-column account presentation rather than T accounts. d. Transfer the information from the journal entry to each appropriate account in the ledger. C. & d. In the four-column account for Accounts Payable, enter a credit balance of $23,710 as of September 1, 20Y4. Place a check mark (v) in the Posting Reference column. Post the September 18, 2014, transaction to the account. For those boxes in which no entry is required, leave the box blank. GENERAL LEDGER Account Accounts Payable POST. Account No. 21 BALANCE DEBIT CREDIT DATE ITEM DEBIT CREDIT REF. Sept. 1, 2014 Balance Sept. 18, 2014 Feedback Check My Work c. See the illustration in Exhibit 5 in the text. Every account is in the ledger, which usually uses a formal 4-column account presentation rather than T accounts. d. Transfer the information from the journal entry to each appropriate account in the ledger