The following T-accounts for Lawrence Engineering have been opened for you: Cash; Accounts Receivable; Office Supplies;...

    

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The following T-accounts for Lawrence Engineering have been opened for you: Cash; Accounts Receivable; Office Supplies; Equipment, Accounts Payable; Notes Payable; Common Stock; Dividends; Service Revenue; and Utilities Expense. Post the transactions to the T-accounts. Use the dates as posting references in the T-accounts. Compute the July 31 balance for each account. More Info July 2 Received $11,000 contribution from Bart Lawrence in exchange for common stock. 4 Paid utilities expense of $390. 5 Purchased equipment on account, $1,600. 10 Performed services for a client on account, $2,000. 12 Borrowed $7,600 cash, signing a notes payable. 19 Cash dividends of $350 were paid to stockholders. 21 Purchased office supplies for $820 and paid cash. 27 Paid the liability from July 5. Print Done . X i Reference Date Jul. 2 Jul. 4 Jul. 5 Jul. 10 Jul. 12 Jul. 19 Jul. 21 Jul. 27 Cash Accounts and Explanation Common Stock Issued common stock for cash. Utilities Expense Cash Paid cash expenses. Equipment Accounts Payable Purchase of equipment on account. Accounts Receivable Service Revenue Performed services on account. Cash Notes Payable Borrowed cash by signing note. Dividends Cash Paid cash dividends. Office Supplies Cash Purchase of office supplies with cash. Accounts Payable Cash Paid cash on account. Print Done Debit 11,000 390 1,600 2,000 7,600 350 820 1,600 - X Credit 11,000 390 1,600 2,000 7,600 350 820 1,600 Requirements 1 and 2. Post the transactions to the T-accounts. Use the dates as posting references in the T-accounts. Compute the July 31 balance for each account. Use a "Bal." posting reference on the proper side of each account to show the ending balances of the accounts. (For accounts with a $0 balance, make sure to enter "0" in the ap Accounts Payable Cashi Accounts Receivable Office Supplies Equipment Notes Payable Common Stock Dividends Service Revenue Utilities Expense The following T-accounts for Lawrence Engineering have been opened for you: Cash; Accounts Receivable; Office Supplies; Equipment, Accounts Payable; Notes Payable; Common Stock; Dividends; Service Revenue; and Utilities Expense. Post the transactions to the T-accounts. Use the dates as posting references in the T-accounts. Compute the July 31 balance for each account. More Info July 2 Received $11,000 contribution from Bart Lawrence in exchange for common stock. 4 Paid utilities expense of $390. 5 Purchased equipment on account, $1,600. 10 Performed services for a client on account, $2,000. 12 Borrowed $7,600 cash, signing a notes payable. 19 Cash dividends of $350 were paid to stockholders. 21 Purchased office supplies for $820 and paid cash. 27 Paid the liability from July 5. Print Done . X i Reference Date Jul. 2 Jul. 4 Jul. 5 Jul. 10 Jul. 12 Jul. 19 Jul. 21 Jul. 27 Cash Accounts and Explanation Common Stock Issued common stock for cash. Utilities Expense Cash Paid cash expenses. Equipment Accounts Payable Purchase of equipment on account. Accounts Receivable Service Revenue Performed services on account. Cash Notes Payable Borrowed cash by signing note. Dividends Cash Paid cash dividends. Office Supplies Cash Purchase of office supplies with cash. Accounts Payable Cash Paid cash on account. Print Done Debit 11,000 390 1,600 2,000 7,600 350 820 1,600 - X Credit 11,000 390 1,600 2,000 7,600 350 820 1,600 Requirements 1 and 2. Post the transactions to the T-accounts. Use the dates as posting references in the T-accounts. Compute the July 31 balance for each account. Use a "Bal." posting reference on the proper side of each account to show the ending balances of the accounts. (For accounts with a $0 balance, make sure to enter "0" in the ap Accounts Payable Cashi Accounts Receivable Office Supplies Equipment Notes Payable Common Stock Dividends Service Revenue Utilities Expense

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Cash Account Common stock 11000 Note Payable 7600 18600 Utilities Expe... View the full answer