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Consultant Barry Bald purchased supplies on account for $4,800. Later Bald paid $3,450 on account. 1. Journalize the two transactions on the books of Barry Bald, Consultant. Include an explanation for each transaction. 2. A T-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 affer both transactions? In which account does this amount appear? 1. Joumalize the two transactions on the books of Bary Bald, architect. Include an explanation for ench transoction. (Record debits first then credits. Select the explanation on the last line of the journal entry table.) Architect Barry Bald purchased supplies on acoount for $4,000