Posting journal entries to T-accounts

Requirements

1. Open the following T-accounts for London Engineering: Cash; Accounts Receivable; Office Supplies; Equipment; Accounts Payable; Notes Payable; Common Stock; Dividends; Service Revenue; Utilities Expense.

2. Post the journal entries to the T-accounts. Also transfer the dates to the T-accounts.

3. Compute the July 31 balance for each account.

Transaction for London engineering

July 2 Recieved $10,000 contribution from Bull London in exchange for common stock

July 4 paid utilities expense of $400

July 5 purchased equipment on account $2,100

July 10 performed services for a client on account, $2,000

July 12 borrowed $7,000 cash, signing a notes payable

July 19 cash dividends of $500 were paid to stockholders

July 21 purchased office supplies for $800 and paid cash

July 27 paid the liability from July 5