The following transitions occurred for London Engineering: 

Journalize the transactions of London Engineering. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Equipment; Accounts Payable; Notes Payable; Common Stock; Dividends; Service Revenue; Utilities Expense.

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Jul. 2Received $10,000 contribution from Bill London, owner, in exchange for capital. 4 Paid utilities expense of $400. 5 Purchased equipment on account, $2,100. 10 Performed services for a client on account, $2,000. 12 Borrowed S7,000 cash, signing a notes payable. 19 The owner, Bill London, withdrew $500 cash from the business. 21 Purchased office supplies for $800 and paid cash. 27 Paid the liability from July 5.