Mar. 15: Purchased office supplies on account, $3,800. Accounts and Explanation Date Mar. 15 Debit Credit

Mar. 15: Purchased office supplies on account, $3,800. Requirements 1. Journalize the transactions of Roland Ward Optical Dispensary. Include an explanation with each journal entry. 2. The following T-accounts have been opened for you: Cash (Beginning Balance of $15,000 ), Office Supplies, and Accounts Payable. Post the journal entries from Requirement 1 to the accounts, and compute the balance in each account. Roland Ward Optical Dispensary completed the following transactions during the latter part of March: Mar. 15 Purchased office supplies on account, $3,800 Mar. 28 Paid $1,600 on account. Read the requirements