The following transactions occurred for Laughton Engineering:

$($i$)($Click the icon to view the transactions.$)($Click the icon to view the journal entries.$)$

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Requirement $1.$ Post the transactions to the T$-$accounts. Use the dates as posting references in the T$-$accounts. post to the accounts one transaction at a time. Post only the transaction from July $2$ in this step.$)$

The following transactions occurred for Laughton Engineering

$($i$)($Click the icon to view the transactions.$)E($Click the icon to view the journal entries.$)$

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Jul. $2$ Received $$12,000$ contribution from Bob Laughton in exchange for common stock.

Jul. $4$ Paid utilities expense of $$370.$

Jul. $5$ Purchased equipment on account, $$2,000.$

Jul. $10.$ Performed services for a client on account, $$2,500.$

Jul. $12$ Borrowed $$7,600$ cash, signing a notes payable.

Jul. $19$ Cash dividends of $$500$ were paid to stockholders.

Jul. $21$ Purchased office supplies for $$830$ and paid cash.

Jul. $27$ Paid the liability from July $5.$

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