Question

Kenneth Dolkart Optical Dispensary completed the following transactions during the latter part of March:
Mar. 15 Purchased office supplies on account, $ 3,400.
28 Paid $ 1,200 on account.

Requirements
1. Journalize the transactions of Kenneth Dolkart Optical Dispensary. Include an explanation with each journal entry.
2. Open the following accounts (use T-account format): Cash (Beginning Balance of $ 14,000), Office Supplies, and Accounts Payable. Post the journal entries from Requirement 1 to the accounts and compute the balance in each account.



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  • CreatedJanuary 16, 2015
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