The following transactions occurred for Laughton Engineering (Click the icon to view the transactions.) Journalize the transactions of Laughton Engineering. Include an explanation with each joumal entry. Use the following accounts: Cash: Accounts Receivable: Office Supplies, Equipment Accounts Payable, Notes Payable; Common Stock Dividends. Service Revenue, and Utilities Expense. (Record debits first, then credits Select the explanation on the last line of the journal entry table.) ICO July 2. Received $11,000 contribution from Bill Laughton in exchange for common stock Accounts and Explanation Debit Credit Date Jul 2 Jul. 2 Received $11,000 contribution from Bill Laughton in exchange for common stock. Jul. 4 Paid utilities expense of $430. Jul. 5 Purchased equipment on account, $2,400. Jul. 10 Performed services for a client on account, $3,300. Jul. 12 Borrowed $7,700 cash, signing a notes payable. Jul. 19 Cash dividends of $700 were paid to stockholders. Jul. 21 Purchased office supplies for $790 and paid cash. Jul. 27 Paid the liability from July 5