Score: 0 of 1 Save The following transactions ord for Lambert Engineering Click the icon to the transactions at the low the journalis) Read the requirements Requirement 1. Post the talents to the accounts. Use the dataspingerences in the accounts We will post to the one transaction at a time. Begin by posting the event on the ant. Recev 10.000 corebution from Lambert, wet in exchange forcat e post the account on action in Portor the transaction from u 2 in this step Cash Accounts Payable Service Ravne Accounts Receivable Notes Payable Espen Office Supplies Lambert, Capital Question View tent Lambert Withdrawals More Info X PI Ne nt Jul. 2 Received $10,000 contribution from Bob Lambert, owner, in exchange for capital. Jul. 4 Paid utilities expense of $380. Jul. 5 Purchased equipment on account, $1,700. Jul. 10 Performed services for a client on account, $2,900. Jul. 12 Borrowed $7,100 cash, signing a notes payable. Jul. 19 The owner, Bob Lambert, withdrew $600 cash from the business. Jul. 21 Purchased office supplies for $780 and paid cash. Jul. 27 Paid the liability from July 5. ber 7,1 Reference - Date Accounts and Explanation Debit Credit Jul. 2 Cash 10,000 10,000 Jul. 4 380 380 Jul. 5 1,700 1,700 Jul. 10 Lambert, Capital Owner contribution Utilities Expense Cash 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. Lambert, Withdrawals Cash Owner withdrawal 2,900 2,900 Jul. 12 7,100 7,100 Jul, 19 600 600 Jul. 21 Office Supplies 780 Cash 780 Purchase of office supplies with cash. Accounts Payable Jul. 27 1,700 Cash 1,700 Paid cash on account. - X nts Pay Requirements s Payah 1. The following T-accounts for Lambert Engineering have been opened for you: Cash; Accounts Receivable; Office Supplies; Equipment Accounts Payable; Notes Payable; Lambert, Capital; Lambert, Withdrawals; Service Revenue; Utilities Expense. Post the journal entries to the T-accounts. Use the dates as posting references in the T-accounts. 2. Compute the July 31 balance for each account. ert, Cap