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More Info July 2 Received $15,000 contribution from Bobby Leroy in exchange for common stock. 4 Paid utilities expense of $460. 5 Purchased equipment on

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More Info July 2 Received $15,000 contribution from Bobby Leroy in exchange for common stock. 4 Paid utilities expense of $460. 5 Purchased equipment on account, $1,500. 10 Performed services for a client on account, $3,300. 12 Borrowed $6,900 cash, signing a notes payable. 19 Cash dividends of $300 were paid to stockholders. 21 Purchased office supplies for $750 and paid cash. 27 Paid the liability from July 5. Print Done Reference Date Debit Credit Jul. 2 15,000 15,000 Jul. 4 460 460 Jul. 5 1,500 Accounts and Explanation Cash Common Stock Issued common stock for cash. Utilities Expense Cash Paid cash expenses. Equipment Accounts Payable Purchase of equipment on account. Accounts Receivable Service Revenue Performed services on account. Cash Notes Payable Borrowed cash by signing note. 1,500 Jul. 10 3,300 3,300 Jul. 12 6,900 6,900 Print Done The following transactions occurred for Leroy Engineering: (Click the icon to view the transactions.) Click the icon to view the journal entries.) Read the requirements Requirements 1 and 2. Post the transactions to the T-accounts. Use the dates as posting references in the T-accounts. Compute the July 31 bala account. Use a "Bal" posting reference on the proper side of each account to show the ending balances of the accounts. (For accounts with a $0 to enter "o" in the appropriate cell on the normal side of the account.) Accounts Payable Service Revenue Cash Accounts Receivable Notes Payable Utilities Expense Office Supplies Common Stock Equipment Dividends

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