E2-7 The following transactions occurred for Anderson Moving Company: Jul. 2 Received $10,000 contribution from Bill Anderson in exchange for capital. 4 Paid utilities expense of $400. 5 Purchased equipment on account for $2,100. 10 Performed services for a client on account, $2,000. 12 Borrowed $7,000 cash, signing a note payable. 19 The owner, Bill Anderson, withdrew $500 cash from the business. 21 Purchased office supplies for $800 and paid cash. 27 Paid the liability from July 5. Required Journalize the transactions of Anderson Moving Company. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Equipment; Accounts Payable; Note Payable; B. Anderson, Capital; B. Anderson, Withdrawals; Service Revenue; Utilities Expense.1329 Yula's Yoga engaged in the following transactions during March 2020, its first month of operations: Mar. 1 The business received a $15,000 cash investment from Yula Gregore to start Yula's Yoga. Paid $4,000 cash to rent ama studio {or the month o1 March. Purchased studio supplies for $4,000 on account. Presented a wellness seminar for a corporate customer and received cash, $3,000. Paid $1,000 on accounts payable. 1? Taught yoga classes for customers on account, $800. Required Record the preceding transacons in the journal of Yula's Yoga. Identify transactions by their date and include an explanation for each entry, as illustrated in the chapter. Use the following accounts: Cash; Accounts Receivable; Studio Supplies; Accounts Payable; Yula Gregore, Capital; Service Revenue; Rent Expense