The following transactions occurred for Lambert Engineering: (Click the icon to view the transactions.) Read the requirements. (Click the icon to view the journal entries.) 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 $11,000 contribution from Bobby Lambert 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 Jul. 2 11,000 Accounts Payable Service Revenue Accounts Receivable Notes Payable Utilities Expense Reference Accounts and Explanation Debit Credit 11,000 11,000 Date Jul. 2 Cash Common Stock Issued common stock for cash. Jul. 4 Utilities Expense Cash Jul. 5 Paid cash expenses. Equipment Accounts Payable Purchase of equipment on account. Print Done I 410 410 ontr trai 2,300 2,300 nue 2.200 nse Reference Jul. 10 Accounts Receivable 2,600 2,600 Service Revenue Performed services on account. 6,600 Jul. 12 Cash 6,600 Notes Payable Borrowed cash by signing note. 450 Jul. 19 Dividends 450 Cash Paid cash dividends. Jul. 21 Office Supplies 830 830 Cash Print Done - X The following transactions occurred for Lambert Engineering: (Click the icon to view the transactions.) Read the requirements. (Click the icon to view the journal entries.) Office Supplies Common Stock I 11,000 Jul. 2 Equipment Dividends July 4: Paid utilities expense of $410. (Post only the transaction from July 4 in this step.) Cash Jul. 2 11,000 Accounts Payable Service Revenue The following transactions occurred for Lambert Engineering: (Click the icon to view the transactions.) [ (Click the icon to view the journal entries.) Read the requirements. Accounts Receivable Notes Payable Utilities Expense Office Supplies Common Stock 11,000 Jul. 2 Equipment odocs example Get more help Dividends Clear all Check answer More info Jul. 2 Jul. 4 Jul. 5 Received $11,000 contribution from Bobby Lambert in exchange for common stock. Paid utilities expense of $410. Purchased equipment on account, $2,300. Jul. 10 Jul. 12 Performed services for a client on account, $2,600. Borrowed $6,600 cash, signing a notes payable. Jul. 19 Jul. 21 Jul. 27 Cash dividends of $450 were paid to stockholders. Purchased office supplies for $830 and paid cash. Paid the liability from July 5. es Expe Requirements 1. The following T-accounts for Lambert Engineering have been opened for you: Cash; Accounts Receivable; Office Supplies; Equipment; Accounts Payable; Notes Payable; Common Stock; Dividends; Service Revenue; and Utilities Expense. Post the transactions to the T-accounts. Use the dates as posting references in the T-accounts. 2. Compute the July 31 balance for each account. Print Done - X