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On September 18, 2019, Afton Company purchased $2,475 of supplies on account. In Afton Company s chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21. a. Journalize the September 18, 2019, transaction on page 87 of Afton Company s two column journal. Include an explanation of the entry. b. Prepare a four-column account for Supplies. Enter a debit balance of $840 as of September 1, 2019. Place a check mark in the Posting Reference column. c. Prepare a four-column account for Accounts Payable. Enter a credit balance of $10,900 as of September 1, 2019. Place a check mark in the Posting Reference column. d. Post the September 18, 2019, transaction to the accounts.
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