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analayzing and journalizing transactions journalize the transaction of london engineering. include an explanation with each joournal entry. use the following accounts: cash; accounts recievable; office

analayzing and journalizing transactions

journalize the transaction of london engineering. include an explanation with each joournal entry. use the following accounts: cash; accounts recievable; office supplies; equipment; accounts payable; notes payable; common stock; dividends; service revenue; utilities expense.

Transaction for london engineering

july 2 recieved $10,000 contribution from Bull London in exchange for common stock

july 4 paid utilities expense of $400

july 5 purchased equipment on account $2,100

july 10 performed services for a client on account, $2,000

july 12 borrowed $7,000 cash, signing a notes payable

july 19 cash dividends of $500 were paid to stockholders

july 21 purchased office supplies for $800 and paid cash

july 27 paid the liability from july 5

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