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On September 18, 2019, Alton Company purchased $4,375 of supplies on account. In Anton Company's chart of accounts, the supplies account is No. 15, and

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On September 18, 2019, Alton Company purchased $4,375 of supplies on account. In Anton 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, 2019, transaction on page 87 of Allon Company's two-column Journal B. Prepare a four-column account for Supplies. Enter a debit balance of $2,400 as of September 1, 2019. Enter Balance in the tem column and place a check mark (V) in the Posting Reference column. C. Prepare a four-column account for Accounts Payable Enter a credit balance of $18,010 as of September 1, 2019. Enter Balance in the tem column and place a check mark in the Posting Reference column D. Post the September 18, 2018, transaction to the accounts E. Do the rules of debt and credit apply to al companies

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