Libr Sourt tudy S2-10 (similar to) Consultant Janice Greene purchased supplies on account for $5,000. Later Greene paid $3,350 on account. 1. Journalize the two transactions on the books of Janice Greene, 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? Later Greene paid $3,350 on account. Lication Journal Entry Accounts and Explanations Debit Credit 2. 5000 Accounts Payable Cash Cash 5000 3350 3350 Paid cash on account Choose from any list or enter any number in the input fields and then click Check Answer c parts