Question

Show Me How A Journalize and insert the posting references for the October 3, 2018, transaction on page 9f of Regal Company's two column ju E. Do the KPi

Answer 1

Solution A:

Journal Entries - Regal Company
Date	Particulars	Post Ref	Debit	Credit
3-Oct-18	Supplies Dr		$3,900.00
	To Accounts Payable			$3,900.00
	(To record purchase of supplies on account)

Solution B, C and D:

Supplies
Date	Debit	Credit	Balance
1-Oct-18			$2,150.00
3-Oct-18	$3,900.00		$6,050.00

Accounts Payable
Date	Debit	Credit	Balance
1-Oct-18			$18,450.00
3-Oct-18		$3,900.00	$22,350.00

Solution E:

Yes, rules of debit and credit applies to all companies.