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Save Homework: Chapter 2 Homework Score: 0 of 3 pts E2-17 (book/static) 6 of 16 (3 complete) HW Score: 28.75%, 6.9 of 24 p is
Save Homework: Chapter 2 Homework Score: 0 of 3 pts E2-17 (book/static) 6 of 16 (3 complete) HW Score: 28.75%, 6.9 of 24 p is Question Help following transactions occurred for Lawrence 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 $14,000 contribution from Brett Lawrence 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. 8 parts Clear All Check Answer remaining Homework: Chapter 2 Homework Save Score: 0 of 3 pts 6 of 16 (3 complete) HW Score: 28.75%, 6.9 of 24 pts X Question Help Reference Date Accounts and Explanation Debit Credit Jul. 2 Cash 14,000 Common Stock 14,000 Issued common stock for cash. tion from Brett Lawrence in exchange for common stock. (We will post to the accounts Jul. 4 370 370 More Info Jul. 5 1,600 Utilities Expense Cash Paid cash expenses. Equipment Accounts Payable Purchase of equipment on account Accounts Receivable Service Revenue Performed services on account. 1,600 July Jul. 10 2,900 2.900 2 Received $14.000 contribution from Brett Lawrence in exchange for common stock. 4 Paid utilities expense of $370. 5 Purchased equipment on account, S1,600. 10 Performed services for a client on account, $2,900. 12 Borrowed $7,100 cash, signing a notes payable. 19 Cash dividends of $200 were paid to stockholders. 21 Purchased office supplies for $840 and paid cash. 27 Paid the liability from July 5. Jul. 12 l. 12 Cash 7,100 7,100 Jul. 19 200 200 Print Done Notes Payable Borrowed cash by signing note. Dividends Cash Paid cash dividends. Office Supplies Cash Purchase of office supplies with cash. Accounts Payable Cash Jul. 21 840 840 Jul. 27 1,600 1,600 Print Done O parts
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