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for question 17, can you help to solve the journal enrty, trial balance, retained earning and balance sheet. Recording Business Transactions 95 E2-16 Analyzing and
for question 17, can you help to solve the journal enrty, trial balance, retained earning and balance sheet.
Recording Business Transactions 95 E2-16 Analyzing and journalizing transactions Learning Objective3 Journalize the transactions of Lawrence Engineering, Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies Equipment; Accounts Payable; Notes Payable; Common Stock; Dividends; Service Revenue; and Utilities Expense. E2-17 Posting journal entries to T-accounts Learning Objective3 Requirements 1. Open the following Taccounts for Lawrence Engineering: Cash; Accounts 3. Cash Balance $18,090 Receivable; Office Supplies; Equipment; Accounts Payable; Notes Payable; Common Stock; Dividends; Service Revenue; and Utilities Expensec. 2. Post the journal cntries to the T-accounts. Also transfer the dates to the T accounts. 3. Compute the July 31 balance for each account. Use the following information to answer Exercises E2-18 and E2-19 The following transactions occurred for Wilke Technology Solutions: The business received cash of $105,000 and issued common stock to Zoe Wilke. Purchased office supplies on account, $550. Paid $57,000 cash for building and land. The building had a fair market value of $45,000. Performed services for customers and received cash, $3,600. Paid $350 on accounts payable Performed services for customers on account, $3,500. Paid rent expense for the month, $1,200. Received $1,500 from customers for services to be performed next month. May 1 2 4 6 9 17 19 20 21 Paid $900 for advertising in next month's IT Technology magazine 23 Received $3,100 cash on account from a customer. 31 Incurred and paid salaries, $1,700Step by Step Solution
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