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The following transactions occurred for Laughton Engineering: (Click the icon to view the transactions.) Click the icon to view the journal entries.) Read the requirements.
The following transactions occurred for Laughton Engineering: (Click the icon to view the transactions.) Click the icon to view the journal entries.) Read the requirements. Requirement 1. Post the journal entries 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 $13,000 contribution from Bert Laughton, owner, in exchange for capital. (We will post to the accounts one transaction at a time. Post only the transaction from July 2 in this step.) Office Supplies Laughton, Capital Equipment Laughton, Withdrawals More info Jul. 2 Received $13,000 contribution from Bert Laughton, owner, in exchange for capital. Jul. 4 Paid utilities expense of $440. Jul, 5 Purchased equipment on account, $1,600. Jul. 10 Performed services for a client on account, $2,000. Jul. 12 Borrowed $6,500 cash, signing a notes payable. Jul. 19 The owner, Bert Laughton, withdrew $450 cash from the business. Jul. 21 Purchased office supplies for $750 and paid cash. Jul. 27 Paid the liability from July 5
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