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Problem - Journalizing and posting - On November 2, 20Y3, Fibrosis Co. purchased $1,800 of supplies on account.
Required -
a. Journalize the November 2, 20Y3, transaction.
b. Prepare a T account for Supplies. Enter a debit balance of $1,050 as of November 1, 20Y3.
c. Prepare a T account for Accounts Payable. Enter a credit balance of $15,600 as of November 1, 20Y3.
d. Post the November 2, 20Y3 transaction to the accounts and determine November 30 balances.
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