Question Help The following transactions occurred for Lexington Engineering (Click the icon to view the transactions.) (Click the icon to view the journal entries.) Read the requirements Requirement 1. Post the transactions 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 $18,000 contribution from Brett Lexington in exchange for common stock. (We will post to the accounts one transaction at a time. Post only the transaction from July 2 in this step.) Cash Accounts Payable Service Revenue Accounts Receivable Notes Payable Utilities Expense Office Supplies Common Stock Equipment Dividends Choose from any list or enter any number in the input fields and then click Check Answer, Jul. 2 Received $18,000 contribution from Brett Lexington in exchange for common stock. Jul. 4 Paid utilities expense of $410. Jul. 5 Purchased equipment on account, $2,200. Jul. 10 Performed services for a client on account, $3,500. Jul. 12 Borrowed $6,500 cash, signing a notes payable. Jul. 19 Cash dividends of $500 were paid to stockholders. Jul. 21 Purchased office supplies for $850 and paid cash. Jul. 27 Paid the liability from July 5. Print Done Date Accounts and Explanation Debit Credit Jul. 2 Cash 18,000 Common Stock 18,000 Issued common stock for cash. Itt Lexington Jul 4 Utilities pense 410 Cash 410 Paid cash expenses. Jul. 5 2,200 2,200 Equipment Accounts Payable Purchase of equipment on account. Accounts Receivable Jul. 10 3,500 Service Revenue 3,500 Performed services on account. Jul. 12 Cash 6,500 6,500 Notes Payable Borrowed cash by signing note. 10 , 3,500 3,500 Lexing Jul 12 6,500 6,500 Purchase of equipment on account Accounts Receivable Service Revenue Performed services on account Cash Notes Payable Borrowed cash by signing note. Dividends Cash Paid cash dividends. Office Supplies Cash Purchase of office supplies with cash. Accounts Payable Jul 19 500 500 Jul. 21 850 850 Jul 27 2,200 Cash 2.200 Paid cash on account