Journalize the transactions of Lawrence Engineering. Include an explanation with each journal entry. Use the following accounts:
Question:
The following transactions occurred for Lawrence Engineering:
Jul. 2 Received $14,000 contribution from Brett Lawrence in exchange for common stock.
4 Paid utilities expense of $370.
5 Purchased equipment on account, $1,600.
10 Performed services for a client on account, $2,900.
12 Borrowed $7,100 cash, signing a notes payable.
19 Cash dividends of $200 were paid to stockholders.
21 Purchased office supplies for $840 and paid cash.
27 Paid the liability from July 5.
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Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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