E2-17 (similar to) Question Help The following transactions occurred for Lawrence Engineering: Click the icon to view the transactions.) (Click the icon to view the journal entries.) Read the reciuirements Requirement 1. Post the transactions to the T-accounts. Use the cates 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 2nc, Received $16,000 contribution from Bill Lawrence in exchange for common stock, Cash Accounts Payable Service Revenue Accounts Receivable Notes Payable Utilities Expense Office Supplies Common Stock Equipment Dividends Choose from any list or enter any number in the input fields and then click Check Answer. ? 8 parts remaining Clear All Check Answer - X Requirements i - More Info July 1. The following T-accounts for Lawrence Engineering have been opened for you: Cash; Accounts Receivable; Office Supplies; Equipment; Accounts Payable; Notes Payable; Common Stock; Dividends; Service Revenue; and Utilities Expense. Post the transactions to the T-accounts. Use the dates as posting references in the T-accounts. 2. Compute the July 31 balance for each account. 2 Received $16,000 contribution from Bill Lawrence in exchange for common stock. 4 Paid utilities expense of $360. 5 Purchased equipment on account, $1,800. 10 Performed services for a client on account, $3,300. 12 Borrowed $6,500 cash, signing a notes payable. 19 Cash dividends of $300 were paid to stockholders. Purchased office supplies for $860 and paid cash. 27 Paid the liability from July 5. Print Done Print Done mber in the innut fields and then clickCheck Answer Jul. 5 1,800 1,800 Equipment Accounts Payable Purchase of equipment on account. Accounts Receivable Jul. 10 3,300 Service Revenue 3,300 Performed services on account. Jul. 12 Cash 6,500 6,500 Notes Payable Borrowed cash by signing note. Dividends Jul. 19 300 Cash 300 Jul. 21 860 860 Paid cash dividends. Office Supplies Cash Purchase of office supplies with cash. Accounts Payable Cash Jul. 27 1,800 1,800 Paid cash on account. Print Done Date Accounts and Explanation Debit Credit Jul. 2 Cash 16,000 Common Stock 16,000 Issued common stock for cash. Jul. 4 Utilities Expense 360 Cash 360 Paid cash expenses. Jul. 5 1,800 1,800 Equipment Accounts Payable Purchase of equipment on account. Accounts Receivable Jul. 10 3,300 Service Revenue 3,300 Performed services on account. Jul. 12 Cash 6,500 Notes Payable 6,500 Borrowed cash by signing note. Jul. 19 Dividends 300