chapter 2 question 9

The following transactions occurred for Lawrence Engineering: (Click the icon to view the transactions.) Journalize the transactions of Lawrence 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; and Utilities Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) July 2: Received $14,000 contribution from Brett Lawrence in exchange for common stock. More info Jul. 2 Received $14,000 contribution from Brett Lawrence in exchange for common stock. Jul. 4 Paid utilities expense of $370. Jul. 5 Purchased equipment on account, $1,600. Jul. 10 Performed services for a client on account, $2,900. Jul. 12 Borrowed $7,100 cash, signing a notes payable. Jul. 19 Cash dividends of $200 were paid to stockholders. Jul. 21 Purchased office supplies for $840 and paid cash. Jul. 27 Paid the liability from July 5. The following transactions occurred for Lawrence Engineering: (Click the icon to view the transactions.) Journalize the transactions of Lawrence 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; and Utilities Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) July 2: Received $14,000 contribution from Brett Lawrence in exchange for common stock. More info Jul. 2 Received $14,000 contribution from Brett Lawrence in exchange for common stock. Jul. 4 Paid utilities expense of $370. Jul. 5 Purchased equipment on account, $1,600. Jul. 10 Performed services for a client on account, $2,900. Jul. 12 Borrowed $7,100 cash, signing a notes payable. Jul. 19 Cash dividends of $200 were paid to stockholders. Jul. 21 Purchased office supplies for $840 and paid cash. Jul. 27 Paid the liability from July 5