1. Post the transaction to the T-accounts. Use the dates as posting reference in the T-accounts.

We will post to the accounts one transaction at a time. Begin by posting the event from the 2 ^nd . Received $14,000 contribution from Brett Lawrence in exchange for common stock.

July 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 5840 and paid cash.

27 Paid the liability from July 5

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Jul. 2 Cash 14000 370 Jul. 4 Accounts Receivable Office Supplies Equipment Accounts Payable Notes Payable Common Stock Dividends Service Revenue Utilities Expense Jul. 2 Cash 14000 370 Jul. 4 Accounts Receivable Office Supplies Equipment Accounts Payable Notes Payable Common Stock Dividends Service Revenue Utilities Expense