A. JOURNAL ENTRY

B. TRIAL BALANCE OF BALANCES

C. TRIAL BALANCE OF TOTAL

Analyzing and journalizing transactions Exercise 2-5 The following transactions occurred for London Engineering: 2 Received $10,000 contribution from Bill London in exchange for capital Paid utilities expense of $400 Purchased equipment on account for $2,100 Jul. 4 5 10 12 19 21 27 Performed services for a client on account, $2,000 Borrowed $7,000 cash, signing a note payable The owner, Bill London, withdrew $500 cash from the business Purchased office supplies for $800 and paid cash. Paid the liability from July 5. Required Journalize the transactions of London Engineering. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Equipment; Accounts Payable; Notes Payable; B. London, Capital; B. London, Withdrawals; Service Revenue; Utilities Expense