K The following transactions occurred for Leroy Engineering: (Click the icon to view the transactions.), Read the requirements. (Click the icon to view the journal entries.) Requirement 1. Post the transactions to the T-accounts. Use the dates 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 2nd. Received $10,000 contribution from Bill Leroy in exchange for common stock. (We will post to the accounts one transaction at a time. Post only the transaction from July 2 in this step.) Cash Accounts Payable Service Revenue Accounts Receivable Notes Payable Utilities Expense Office Supplies Common Stock Equipment Dividends More info Jul. 2 Jul. 4 Jul. 5 Received $10,000 contribution from Bill Leroy in exchange for common stock. Paid utilities expense of $460. Purchased equipment on account, $2,200. Jul. 10 Performed services for a client on account, $2,200. Jul. 12 Borrowed $6,900 cash, signing a notes payable. Jul. 19 Jul. 21 Jul. 27 Cash dividends of $300 were paid to stockholders. Purchased office supplies for $830 and paid cash. Paid the liability from July 5. Print Done - Date Jul.2 Cash Common Stock Issued common stock for cash Jul. 4 Utilities Expense Accounts and Explanation Debit Credit 10,000 10,000 Cash Paid cash expenses. 460 400 Jul. 5 Equipment Accounts Payable 2,200 2,200 Purchase of equipment on account. Jul. 10 Accounts Receivable 2,200 Service Revenue 2,200 Performed services on account Jul. 12 Cash 6.900 Notes Payable 6,900 Borrowed cash by signing note Jul. 19 Dividends 300 Cash 300 Paid cash dividends. Jul. 21 Office Supplies Cash 830 830 Purchase of office supplies with cash Jul. 27 Accounts Payable Cash Paid cash on account. 2.200 2,200 Requirements 1. The following T-accounts for Leroy 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. Print Done -