Principles of Accounting 1 - 60 4 Week Summer 2020 Alexa Cummings & Homework: Chapter 2 Homework (Copy) 40f 5 complete HW Score: 1 BC Score: 0 of 27 pts E2-17 (book/static) The following transactions ocurred for Lawrence Engineering: (Click the loon to view the transactions.) (Click the loon to view the journal entries) Road the requirements Requirement 1. Post the oumal entries to the T-accounts. Use the dates on 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 514,000 contribution from Brett Lawrence, owner, in exchange for capital (We will post to the accounts one transaction the transaction from July 2 in this step.) Cash Accounts Payable Service Ravenue More info Accounts Receivable Notes Payable Utilities Expense ul Office Supplies Lawrence, Capital 2 Received $14,000 contribution from Brett Lawrence, owner, in exchange fc capital 4 Paldies expense of $370. Purchased equipment on account, $1,600 10 Performed services for a client on account, $2,900. 12 Borrowed 57,100 cash, signing a notes payable 19 The owner, Brett Lawrence, withdrew $200 cash from the business. 21 Purchased office supplies for $840 and paid cash. 27 Paid the ability from July 5. Equipment Lawrence, Withdrawals Print Done Choose from any list or enter any number in the input fields and then click Check Answer parts remaining Clear All Check Answer MacBook Air nework (Copy) 4 of 5 (3 complete) Reference Date Accounts and Explanation Debit Credit Jul. 2 Cash 14,000 14,000 Lawrence, Capital Owner contribution Utilities Expense Cash Jul. 4 370 370 Pald cash expenses. Jul. 5 1,600 1,600 Equipment Accounts Payable Purchase of equipment on account Accounts Receivable Service Revenue Jul. 10 2,900 2,900 Performed services on account. Cash Jul. 12 7.100 7.100 Notes Payable Borrowed cash by signing note. Lawrence, Withdrawals Cash Jul. 19 200 200 Owner withdrawal. Print Done MacBook Air Reference VOORT OT Jul. 5 1,600 1,600 Jul. 10 2,900 2,900 Jul, 12 7,100 7,100 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. Lawrence, Withdrawals Cash Owner withdrawal. Office Supplies Cash Purchase of office supplies with cash. Accounts Payable Cash Jul. 19 200 200 Jul. 21 840 840 Jul. 27 1,600 1,600 Paid cash on account. Print Done MacBook Air