g. Debit C E2-1 Use the following information to answer Exercises 2-16 and E2-17. The following transactions occurred for Lawrence Engineering: Received $14,000 contribution from Brett Lawrence in exchange for 10 Jul. 2 common stock 4 Paid utilities expense of $370. 5 Purchased equipment on account, $1,600. 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. Purchased office supplies for $840 and paid cash. Paid the liability from July 5. 21 27 Learning Objective 3 3. Cash Balance $18,090 E2-17 Posting journal entries to T-accounts Requirements 1. Open the following 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