Answer:
GBI
a. Journal Entries
Feb. 2
Debit Supplies Expense $800
Credit Payables-Misc. account $800
To record the purchase of supplies on account.
Feb. 4
Debit Accounts Payable $800
Credit CAsh $800
To record the payment on account.
b. The resulting document numbers are:
FI document number 1: __________ 100001
FI document number 2: __________ 100002
Explanation:
The journal entries are made to initially record the transactions in the books of GBI. Journal entries identify the accounts involved in every transaction. They add some brief narrations of the transaction.
