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Ulllllunt Main. do ment Main do? true ?inprogress eBook show Me How Calculator Journalizing and posting Instructions Journal Ledger Question Final Instructions On January 7,

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Ulllllunt Main. do ment Main do? true ?inprogress eBook show Me How Calculator Journalizing and posting Instructions Journal Ledger Question Final Instructions On January 7, 2016, Captec Company purchased $4,175 of supplies on account. In Captec Company's shartofaccounts, supplies account is No. 21. the Required: A. Journalize the January 7, 2016, transaction on page 33 of Captec Company's two-columniournal. 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 (v) 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 (v) in the Posting Reference column. Enter Balance in the Item column and place a check mark (M 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

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