Question

Journalize the transactions of Lawrence Engineering. Include an explanation with each journal entry. Use the following​...

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; Utilities Expense. ​(Record debits​ first, then credits. Select the explanation on the last line of the journal entry​ table.)

2

Received $14,000
contribution from Rob Lawrence
in exchange for common stock.

4

Paid utilities expense of

$ 420

5

Purchased equipment on​ account,

$1,800.

10

Performed services for a client on​ account,

$3,300.

12

Borrowed

$6,800

​cash, signing a notes payable.

19

Cash dividends of

$650

were paid to stockholders.

21

Purchased office supplies for

$770

and paid cash.

27

Paid the liability from

July

5.  

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