Use the following information to answer Exercises E$-$F:$2-17$ and E$-$F:$2-18.$

The following transactions occurred for Molina Engineering:

Jul. $2$ Received $$10,000$ contribution from Ruby Molina, owner, in exchange for capital.

$4$ Paid utilities expense of $$400.$

$5$ Purchased equipment on account, $$2,100.$

$10$ Performed services for a client on account, $$2,000.$

$12$ Borrowed $$7,000$ cash, signing a notes payable.

$19$ Molina withdrew $$500$ cash from the business.

$21$ Purchased supplies for $$800$ and paid cash.

$27$ Paid the liability from July $5.$

E$-$F:$2-17$ Analyzing and journalizing transactions

Journalize the transactions of Molina Engineering. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Supplies; Equipment; Accounts Payable; Notes Payable; Molina, Capital; Molina, Withdrawals; Service Revenue; and Utilities Expense.

E$-$F:$2-18$ Posting journal entries to $T-$accounts

Learning Objective $3$

Requirements

Open the following T$-$accounts for Molina Engineering: Cash; Accounts

Learning Objective $3$

Receivable; Supplies; Equipment; Accounts Payable; Notes Payable; Molina, Capital; Molina, Withdrawals; Service Revenue; and Utilities Expense.

Post the journal entries to the T$-$accounts. Also transfer the dates to the T$-$accounts.

Compute the July $31$ balance for each account.