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Requirement 2. Compute the July 31 balance for each account. Use a Bal. posting reference on the proper side of each account to show the

Requirement 2. Compute the July 31 balance for each 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 balance, make sure to enter "0" in the appropriate cell on the normal side of the account.)

July

2

Received $8,000 contribution from Brian LawrenceBrian Lawrence, owner, in exchange for capital.

4

Paid utilities expense of $350.

5

Purchased equipment on account, $2,600.

10

Performed services for a client on account, $2,200.

12

Borrowed $7,300 cash, signing a notes payable.

19

The owner, Brian LawrenceBrian Lawrence, withdrew $600 cash from the business.

21

Purchased office supplies for $760 and paid cash.

27

Paid the liability from July 5.

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image text in transcribed

Requirement Z. Compute the July 31 balance tor each account Use a "Bal" posting reference on the proper side of each account to show the ending balances of the accounts (For accounts wah a 50 bamake sure to enter "O" in the appropriate cell on the normal side ot the acco Cash Accounts Payable Service Revenue Jul. 2 8,000 350 Jul. 4 Jul. 27 2,600 2,600 Jut 5 2.200 Jul: 10 Jul 12 7300 600 Jd 19 Jul. 12 7 300 600 Jul 19 760 Jul 21 2,600 Jul 27 Accounts Receivable Notes Payable Utilities Expense Jul 10 2.200 7.300 Jul 12ul. 4 350 Office Supplies Lawrence, Capital B,000 Jul. 2 Jul 21 760 Equipment Lawrence, Withdrawals

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