Date			Accounts and Explanation	Debit	Credit
		Jul. 2	Cash	12,000
			London, Capital		12,000
			Owner contribution.

		Jul. 4	Utilities Expense	410
			Cash		410
			Paid cash expenses.

		Jul. 5	Equipment	2,200
			Accounts Payable		2,200
			Purchase of equipment on account.

		Jul. 10	Accounts Receivable	2,800
			Service Revenue		2,800
			Performed services on account.

		Jul. 12	Cash	7,500
			Notes Payable		7,500
			Borrowed cash by signing note.

		Jul. 19	London, Withdrawals	750
			Cash		750
			Owner withdrawal.

		Jul. 21	Office Supplies	860
			Cash		860
			Purchase of office supplies with cash.

		Jul. 27	Accounts Payable	2,200
			Cash		2,200
			Paid cash on account.

2

Received

$ 12 comma 000$12,000

contribution from

Brett LondonBrett London,

owner, in exchange for capital.

4

Paid utilities expense of

$ 410$410.

5

Purchased equipment on account,

$ 2 comma 200$2,200.

10

Performed services for a client on account,

$ 2 comma 800$2,800.

12

Borrowed

$ 7 comma 500$7,500

cash, signing a notes payable.

19

The owner,

Brett LondonBrett London,

withdrew

$ 750$750

cash from the business.

21

Purchased office supplies for

$ 860$860

and paid cash.

27

Paid the liability from

JulyJuly

5.

1.	The following T-accounts for LondonLondon Engineering have been opened for you: Cash; Accounts Receivable; Office Supplies; Equipment; Accounts Payable; Notes Payable; LondonLondon, Capital; LondonLondon, Withdrawals; Service Revenue; Utilities Expense. Post the journal entries to the T-accounts. Use the dates as posting references in the T-accounts.
2.	Compute the JulyJuly 31 balance for each account.

Requirement 1. Post the journal entries to the T-accounts. Use the dates as posting references in theT-accounts.

We will post to the accounts one transaction at a time. Begin by posting the event from the 2nd. Received $12,000 contribution from Brett LondonBrett London, owner, in exchange for capital.

Cash

Accounts Payable

Service Revenue

Accounts Receivable

Notes Payable

Utilities Expense

Office Supplies

London, Capital

Equipment

London, Withdrawals