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Mary GervaisMary Gervais purchased supplies on account for $ 4 comma 300$4,300. Later GervaisGervais paid $ 3 comma 450$3,450 on account. 1. Journalize the two
Mary GervaisMary Gervais purchased supplies on account for $ 4 comma 300$4,300. Later GervaisGervais paid $ 3 comma 450$3,450 on account. 1. Journalize the two transactions on the books of Mary GervaisMary Gervais, ConsultantConsultant. 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? Question content area bottom Part 1 1. Journalize the two transactions on the books of Mary GervaisMary Gervais, architect. Include an explanation for each transaction. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Architect Mary GervaisMary Gervais purchased supplies on account for $ 4 comma 300$4,300. Journal Entry Accounts and Explanations Debit Credit 1
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