Transactions and T accounts Instructions Chart of Accounts Journal Accounts Final Question Instructions The following selected transactions were completed during August of the current year: Transactions Aug 1 Biled customers for fees earned $74,310. Purchased supplies on account, $2,000. 4 8 Received cash from customers on account, $82,770, 11 Pald creditors on account, $900 Required: A. Journalize these transactions in a two column ouma, Refer to the chart of accounts for the exact wording of the account thes, CNOW journals do not use lines for journal explanations. Every ine on a journal page is used for dobil or credit entries. CNOW fourrats will automatically indent a credit entry when a credit amount is entered B. Post the entries propared in (A) to the following accounts: Cash, Supplies, Accounts onvable, Accounts Payable, Foos Eamed. To the left of each amount posted in the accounts, select the appropriate date. C. Assume that the uradjusted trial balance on August 31 shows a credit balance for Accounts Roonivable. Does this credit balance mean that an error has occurred