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on The following transactions occurred for Lambert Engineering (Click the icon to view the transactions.) Journalize the transactions of Lambert Engineering. Include an explanation with

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on The following transactions occurred for Lambert Engineering (Click the icon to view the transactions.) Journalize the transactions of Lambert Engineering. Include an explanation with each journal entry Use the following accounts: Cash, Accounts Receivable Office Supplies: Equipment Accounts Payable: Notes Payable; Common Stock Dividends, Service Revenue and Utilities Expense. (Record debits first, then cred Select the explanation on the last line of the journal entry table.) July 2: Received $14,000 contribution from Bob Lambert in exchange for common stock Date Accounts and Explanation Debit Jul 2 Credit Jul. 2 Jul. 4 Jul. 5 Jul. 10 Received $14,000 contribution from Bob Lambert in exchange for common stock. Paid utilities expense of $420. Purchased equipment on account, $1,900. Performed services for a client on account, $2,200. Borrowed $6,600 cash, signing a notes payable. Cash dividends of $700 were paid to stockholders. Purchased office supplies for $780 and paid cash. Paid the liability from July 5. Jul. 12 Jul. 19 Jul. 21 Jul. 27

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