E2-17 (similar to) A Question Help The following transactions occurred for Lambert Engineering: (Click the icon to view the transactions.) 3 (Click the icon to view the journal entries.) Reference Read the requirements Requirement 1. Post the transactions to the T-accounts. Use the dates as posting references in the T-accounts. We will post to the accounts one transaction at a time. Begin by posting the event from the 2nd. Received $10,000 contribution from Bill Lambert in exchange for commons Date Accounts and Explanation Debit Credit Jul. 2 Cash 10,000 Cash Accounts Payable Service Revenue Common Stock 10,000 Jul. 2 10.000 Issued common stock for cash. Jul. 4 420 Accounts Receivable Notes Payable Utilities Expense Utilities Expense Cash 420 Paid cash expenses. Jul. 5 2.200 Office Supplies Common Stock 2.200 10,000 Jul. 2 Equipment Accounts Payable Purchase of equipment on account. Accounts Receivable Service Revenue Performed services on account Jul. 10 2,000 Equipment Dividends 2,000 July 4: Paid utilities expense of $420 Jul. 12 Cash 6,600 Cash 6,600 Accounts Payable Service Revenue Notes Payable Borrowed cash by signing note. Dividends Jul. 2 10,000 Jul. 19 650 Cash 650 Accounts Receivable Notes Payable Utilities Expense Jul. 21 810 810 Paid cash dividends. Office Supplies Cash Purchase of office supplies with cash. Accounts Payable Cash Office Supplies Common Stock Jul. 27 2,200 Choose from any list or enter any number in the input fields and then click Check Answer. 2,200 More Info - July 2 Received $10,000 contribution from Bill Lambert in exchange for common stock. 4 Paid utilities expense of $420. 5 Purchased equipment on account, $2,200. 10 Performed services for a client on account, $2,000. 12 Borrowed $6,600 cash, signing a notes payable. 19 Cash dividends of $650 were paid to stockholders. 21 Purchased office supplies for $810 and paid cash. 27 Paid the liability from July 5. Print Done