On January 7, 2016, Captec Company purchased $4,175 of supplies on account. In Captec Companys chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21. Required:

A. Journalize the January 7, 2016, transaction on page 33 of Captec Companys two-column journal.

B. Prepare a four-column account for Supplies. Enter a debit balance of $2,200 as of January 1, 2016. Enter Balance in the Item column and place a check mark () in the Posting Reference column.

C. Prepare a four-column account for Accounts Payable. Enter a credit balance of $18,430 as of January 1, 2016. Place a check mark () in the Posting Reference column. Enter Balance in the Item column and place a check mark () in the Posting Reference column.

D. Post the January 7, 2016, transaction to the accounts.

E. Do the rules of debit and credit apply to all companies?

A. Journalize the January 7, 2016, transaction on page 33 of Captec Companys two-column journal.

B. Prepare a four-column account for Supplies. Enter a debit balance of $2,200 as of January 1, 2016. Enter Balance in the Item column and place a check mark () in the Posting Reference column.

C. Prepare a four-column account for Accounts Payable. Enter a credit balance of $18,430 as of January 1, 2016. Enter Balance in the Item column and place a check mark () in the Posting Reference column.

D. Post the January 7, 2016, transaction to the accounts.

E. Do the rules of debit and credit apply to all companies? Yes or No