On September $18,20$Y$4,$ Carbon Company purchased $$4,125$ of supplies on account. In Carbon Company$$s chart of accounts, the supplies account is No$.15,$ and the accounts payable account is No$.21.$

Required:

A$.$ Journalize the September $18,20$Y$4,$ transaction on page $87$ of Carbon Company$$s two$-$column journal. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

B$.$ Prepare a four$-$column account for Supplies. Enter a debit balance of $$2,300$ as of September $1,20$Y$4.$ Record DATE, POST. REF., a debit or credit and a debit or credit under BALANCE on every line. In CNOW, Item descriptions are used for balances. Enter Balance for ITEM when recording beginning balances. Leave ITEM blank when recording all other entries. In CNOW, Journal pages do not begin with $$J$.$ For example journal page $10$ POST. REF. is simply $10.$ Use a $$ for beginning balances. If the ending balance is $$0,$ at least one balance amount should be $$0.$

C$.$ Prepare a four$-$column account for Accounts Payable. Enter a credit balance of $$18,010$ as of September $1,20$Y$4.$ Record DATE, POST. REF., a debit or credit and a debit or credit under BALANCE on every line. In CNOW, Item descriptions are used for balances. Enter Balance for ITEM when recording beginning balances. Leave ITEM blank when recording all other entries. In CNOW, Journal pages do not begin with $$J$.$ For example journal page $10$ POST. REF. is simply $10.$ Use a $$ for beginning balances. If the ending balance is $$0,$ at least one balance amount should be $$0.$

D$.$ Post the September $18,20$Y$4,$ transaction to the accounts.

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