i$.($Click the icon to view the transactions.$)($Click the icon to view the journal entries.$)$

Read the requirements.

Requirement $1.$ Post the transactions to the T$-$accounts. Use the dates as posting references in the T$-$accounts.

the accounts one transaction at a time. Post only the transaction from July $2$ in this step.$)$

Accounts Receivable

Office Supplies

Equipment

Common Stock

Dividends

Jul. $2$

Received $$13,000$ contribution from Brian Lexington in exchange for common stock.

Jul. $4$

Paid utilities expense of $$430.$

Jul. $5$

Purchased equipment on account, $$1,800.$

Jul. $10$

Performed services for a client on account, $$2,100.$

Jul. $12$

Borrowed $$6,900$ cash, signing a notes payable.

Jul. $19$

Cash dividends of $$200$ were paid to stockholders.

Jul. $21$

Purchased office supplies for $$860$ and paid cash.

Jul. $27$

Paid the liability from July $5.$

Date

Accounts and Explanation

Debit

Credit

Jul. $2$

Cash

$13,000$

Common Stock

$13,000$

Issued common stock for cash.

Jul. $4$

Utilities Expense

$430$

Cash

$430$

Paid cash expenses.

Jul. $5$

Equipment

$1,800$

Accounts Payable

$1,800$

Purchase of equipment on account.

Jul. $10$

Accounts Receivable

$2,100$

Service Revenue

$2,100$

Performed services on account.

Jul. $12$

Cash

$6,900$

Notes Payable

$6,900$

Borrowed cash by signing note.

Jul. $19$

Dividends

$200$

Cash

$200$

Paid cash dividends.

Jul. $21$

Office Supplies

$860$

Cash

$860$

Purchase of office supplies with cash.

Jul. $27$

Accounts Payable

$1,800$

Cash

$1,800$

Paid cash on account.