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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