On November 2, 2012, Fibrosis Co. purchased $1,800 of supplies on account. a. Journalize the November 2,
Question:
On November 2, 2012, Fibrosis Co. purchased $1,800 of supplies on account.
a. Journalize the November 2, 2012, transaction.
b. Prepare a T account for Supplies. Enter a debit balance of $1,050 as of November 1, 2012.
c. Prepare a T account for Accounts Payable. Enter a credit balance of $15,600 as of November 1, 2012.
d. Post the November 2, 2012, transaction to the accounts.
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