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Homework: Pre-Chapter 2 homework S Score: 0 of 15 pts 14 of 16 (13 complete) HW Score: 26%, 26 of 10 S2-10 (similar to) Question Help Consultant Kelly Madison purchased supples on account for $4,400. Later Madison paid $3,250 on account 1. Journalize the two transactions on the books of Kelly Madison Consultant. Include an explanation for each transaction 2. AT-account for Accounts Payable has been opened. Post to Accounts Payable. Compute the balance and denote it as Bal 3. How much does the business owe after both transactions? In which account does this amount appear? 1. Joumalize the two transactions on the books of Kelly Madison, architect. Include an explanation for each transaction. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Architect Kolly Madison purchased supplies on account for $4,400. Journal Entry Accounts and Explanations Debit Credit 1