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 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 $13,000 contribution from Bill Laughton 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 Accounts Payable Service Revenue Accounts Receivable Notes Payable Utilities Expense Office Supplies Common Stock Equipment Dividends X More Info Jul. 2 Jul. 4 Jul. 5 Jul. 10 Received $13,000 contribution from Bill Laughton in exchange for common stock. Paid utilities expense of $380. Purchased equipment on account, $1,600. Performed services for a client on account, $3,200. Borrowed $7,300 cash, signing a notes payable. Cash dividends of $200 were paid to stockholders. Purchased office supplies for $810 and paid cash. Paid the liability from July 5. Jul. 12 Jul. 19 Jul. 21 Jul. 27 Date Accounts and Explanation Debit Credit Jul. 2 Cash 13,000 Common Stock 13,000 Issued common stock for cash. Jul. 4 Utilities Expense 380 Cash 380 Paid cash expenses. Jul. 5 1,600 Equipment Accounts Payable 1,600 Purchase of equipment on account. Accounts Receivable Jul. 10 3,200 Service Revenue 3,200 Performed services on account. Jul. 12 Cash 7,300