Window Help 41) 56%10 Wed Oct 25 1:21 PM C Chap 2A ACC (page 2 of 6) Q Search Expense Credit Debit 4. EX.02-08.BLANKSHEET ALGO (Algorithmic) ournalizing and posting Instructions On October 3, 2018, Regal Company purchased $3,675 of supplies on account. In Regal's chart.of.accounts, the supplies account is No. 15, and the Accounts Payable account is Required: A. Journalize and insert the posting references for the October 3, 2018, transaction on page 91 of Regal Company's two- 8. Prepare a four-column account for Supplies. Enter a debit balance of $2,500 as of October 1, 2018. Enter "Balance" in the C. Prepare a four-column account for Accounts Payable. Enter a credit balance of $18,460 as of October 1, 2018. Place a check column journal Item column and place a check mark (V) in the Posting Reference coumn. mark (V) in the Posting Reference column. Enter "Baiance" in the Item column and place a check mark (v) in the Posting Reference column D. Post the October 3, 2018, transaction to the accounts. Insert the appropriate posting references in both the journal and the ledger as each item is posted E. Do the uies of debit and ccedit apply to all companies