question 41 Accounting 113

Requirement 1. Post the journal entries 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 $15,000 contribution from Bert Leroy, o transaction at a time. Post only the transaction from July 2 in this step.) Accounts Payable Service Revenue Cash Accounts Receivable Notes Payable Utilities Expense Office Supplies Leroy, Capital Equipment Leroy, Withdrawals the - More info n at tion Jul. 2 Received $15,000 contribution from Bert Leroy, owner, in exchange for capital. Jul. 4 Paid utilities expense of $390. Jul. 5 Purchased equipment on account, $1,500. Jul. 10 Performed services for a client on account, $2,600. Jul 12 Borrowed $7.000 cash, signing a notes payable Jul. 19 The owner Bert Leroy, withdrew $550 cash from the business. Purchased office supplies for $820 and paid cash. Jul. 27 Paid the liability from July 5. Jul. 21 1 x Reference for actid Date Accounts and Explanation Debit Credit Jul 2 Cash 15,000 15,000 ntries Jul. 4 390 390 fansa trand Jul. 5 1,500 Leroy, Capital Owner contribution Utilities Expense Cash Paid cash expelses Equipment Accounts Payable Purchase of equipment on account. Accounts Receivable Service Revenue Performed services on account. Cash Notes Payable 1,500 Jul. 10 2,600 2,600 Jul 12 7,000 7,000 Reference ed for Insactic Do you wont Jul. 10 Accounts Receivable 2,600 2,600 7,000 Jul 12 I entries 7,000 lapit transal the trans 550 Jul 19 Service Revenue Performed services on account Cash Notes Payable Borrowed cash by signing note. Leroy, Withdrawals Cash Owner withdrawal Office Supplies I cash Purchase of office supplies with cash. Accounts Payable Cash 550 820 Jul. 21 820 1,500 Jul 27 1,500 Paid cash on account Print Done