E2-16 and E2-17 please journalize and post to the ledgers. thank you!!

E2-14 Identifying source documents For each transaction, identify a possible source document. a. The business received $20,000 cash and issued common stock to stockholders b. Purchased office supplies on account, $500. c. Recorded $1,000 revenue for services rendered to customers. E2-15 Analyzing and journalizing transactions As the manager of Margarita Mexican Restaurant, you must deal with a variety of business transactions. Provide an explanation for the following transactions: a. Debit Equipment and credit Cash. b. Debit Dividends and credit Cash. c. Debit Wages Payable and credit Cash. d. Debit Equipment and credit Common Stock. e. Debit Cash and credit Unearned Revenue. f. Debit Advertising Expense and credit Cash. g. Debit Cash and credit Service Revenue. Use the following information to answer Exercises E2-16 and E2-17. The following transactions occurred for Lawrence Engineering: Jul. 2 4 5 10 Received $14,000 contribution from Brett Lawrence in exchange for common stock. Paid utilities expense of $370. Purchased equipment on account, $1,600. Performed services for a client on account, $2,900. Borrowed $7,100 cash, signing a notes payable. Cash dividends of $200 were paid to stockholders. Purchased office supplies for $840 and paid cash. Paid the liability from July 5. 12 19 21 27 Record E2-16 Analyzing and journalizing 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 as Expenses E2-17 Posting journal entries to T-accounts Requirements 1. Open the following T-accounts for Lawrence Engineering: Cash; Accounts Receivable; Office Supplies; Equipment, Accounts Payable; Notes Payable; Common Stock; Dividends: Service Revenue; and 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