Home study business accounting questions and answers journalizing and posting january

b. Prepare a four-column account for Supplies. Enter a debit balance of $2,200 as of January 1, 2016. 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, transaction to the accounts.