mark () in the Posting Reference column. C. Prepare a four-column account for Accounts Payable. Enter a credit balance of February 1, 2049. Place a check mark () in the Posting Reference column. d. Post the February 11, 2019, transaction to the accounts. -Do the rules of debit and credit apply to all companies? e. TE EX 2-9 Transactions and T accounts The following selected transactions were completed during July of the current 1. Billed customers for fees earned, $112,700. 2. Purchased supplies on account, $4,500. 3. Received cash from customers on account, $88,220. 4. Paid creditors on account, $3,100. a. Journalize these transactions in a two-column journal, using the appropriat- the transactions. Journal entry explanations may be omitted. b. Post the entries prepared in (a) to the following T accounts: Cash, Supplies Accounts Payable, Fees Earned. To the left of each amount posted in th appropriate number to identify the transaction. Assume that the unadjusted trial balance on July 31 show Accounts Receivable. Does this credit balance mean an error has occu c. EX 2-10 Cash account balance During the month, Bavarian Auto Co. received $1,245,000 in cash and F Auto robar February 1, 2049. Place a check mark (V) in the Posting Reference column. mn account for Accounts Payable. Enter a credit balance of $18,300 d. Post the February 11, 2089, transaction to the accounts. Do the rules of debit and credit apply to all companies? e. EX 2-9 Transactions and T accounts The following selected transactions were completed during July of the current year: 1. Billed customers for fees earned, $112,700. 2. Purchased supplies on account, $4,500. 3. Received cash from customers on account, $88,220. 4. Paid creditors on account, $3,100. a. Journalize these transactions in a two-column journal, using the appropriate num the transactions. Journal entry explanations may be omitted. b. Post the entries prepared in (a) to the following T accounts: Cash, Supplies, Acco Accounts Payable, Fees Earned. To the left of each amount posted in the acc appropriate number to identify the transaction. Assume that the unadjusted trial balance on July 31 shows a cm Accounts Receivable. Does this credit balance mean an error has occurred? x 2-10 Cash account balance uring the month, Bavarian Auto Co. received $1,245,000 in cash and paid om Does this information indicate that Bavarian Auto Co. had net the month? Fynlain