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The following transactions occurred for Lambert Engineering: i. (Click the icon to view the transactions.) Journalize the transactions of Lambert Engineering. Include an explanation with
The following transactions occurred for Lambert Engineering: i. (Click the icon to view the transactions.) Journalize the transactions of Lambert Engineering. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Otlice Supplie Dividends; Service Revenue; and Utilities Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) July 2: Received $14,000 contribution from Bobby Lambert in exchange for common stock. More info Jul. 2 Received $14,000 contribution from Bobby Lambert in exchange for common stock. Jul. 4 Paid utilities expense of $390. Jul. 5 Purchased equipment on account, $2,100. Jul. 10 Performed services for a client on account, $2,200. Jul. 1
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