Journalize the transactions of

Lexington

Engineering. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Equipment; Accounts Payable; Notes Payable;

Lexington,

Capital;

Lexington,

Withdrawals; Service Revenue; Utilities Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

was the heart C More info Jul. 2 Received $16,000 contribution from Bob Lexington, owner, in exchange for capital 4 Paid utilities expense of $460. 5 Purchased equipment on account, $1,600, 10 Performed services for a client on account, $2,500. 12 Borrowed $7.400 cash, signing a notes payable 19 The owner, Bob Lexington, withdrew $200 cash from the business, 21 Purchased office supplies for $840 and paid cash. 27 Paid the liability from July 5. a July 2. Received $16,000 contribution from Bob Lexington, owner, in exchange for capital Date Accounts and Explanation Debit Jul. 2 Credit July 4 Pald utilities expense of $460 Date Accounts and Explanation Debit Credit July 5. Purchased equipment on account. 51 600 July 5: Purchased equipment on account, $1,600 Dato Accounts and Explanation Debit Credit Jul 5 July 10. Performed services for a client on account. $2,500 Date Accounts and Explanation Debit Credit Jul 10 July 12 Borrowed 57 400 cash signing a notes payable July 12. Borrowed 57.400 cash, signing a notes payable Date Accounts and Explanation Jul 12 Debit Credit July 19. The owner, Bob Lexington, withdrew $200 cash from the business Date Accounts and Explanation Debit Credit Jul 19 July 21 Purchased office supplies for $840 and paid cash July 21. Purchased office supplies for $840 and paid cash Date Accounts and Explanation Jul 21 Debit Credit July 27 Paid the liability from July 5. Date Accounts and Explanation Jul 27 Debit Credit