Learning Objective 3 3. Cash Balance $18,090 E-F:2-17 Posting journal entries to T-accounts Requirements 1. Open the following T-accounts for Lawrence Engineering: Cash; Accounts Receivable; Office Supplies; Equipment; Accounts Payable; Notes Payable; Lawrence, Capital; Lawrence, Withdrawals; Service Revenue; and Utilities Expense. 2. Post the journal entries 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 E-F:2-18 and E-F:2-19. The following transactions occurred for Wilke Technology Solutions: May 1 2 4 6 9 17 19 20 21 23 31 The business received cash of $105,000 and gave capital 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. Paid $900 for advertising in next month's IT Technology magazine. Received $3,100 cash on account from a customer. Incurred and paid salaries, $1,700. (3

E-F:2-17 Posting journal entries to T-accounts Requirements 1. Open the following T-accounts for Lawrence Engineering: Cash; Accounts Receivable; Office Supplies; Equipment; Accounts Payable; Notes Payable; Lawrence, Capital; Lawrence, Withdrawals; Service Revenue; and Utilities Expense. 2. Post the journal entries 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 E-F:2-18 and E-F:2-19. The following transactions occurred for Wilke Technology Solutions