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Consultant Janice Greene purchased supplies on account for \$4,400. Later Greone paid \$3,750 on accourt....

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Accounting

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Consultant Janice Greene purchased supplies on account for \$4,400. Later Greone paid \$3,750 on accourt. 1. Joumalize the fwo transactions on the bocks of Jarice Greene, Consulant. Include an explanafon for each transaction. 2. A T-account for Accounts Payable has been opened. Post to Accounts Payable. Compute the balance and dancte t as Bal. 3. How much does the business owe after both transactions? In which account does this ancuit appear? journal entry table.) Archuact Janice Oreene purchased bupelies on acoount for $4.400. Later Greene paid $3,750 on apoount. Consultant Janice Greene purchased supples on acoount for \$4,400. Later Gveene paid $3,750 on account. 1. Journalize the two transactions on the books of Janice Greeno, Consultant. Include an axplanation for each trinsaction. 2. A T-account for Aocounts Payable has been opened. Post to Accounts Payable. Computo the balance and denote it as Bal. 3. How much does the business owe after both transactions? in which account does this amount appear? Later Greene paid $3,750 on account. entres above as a posting relerence. Denoth the eading balance as Rall). 3. How much does the businoss owe affer both transactions? in which acoount does this amount appeant The business owes

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