The following transactions occurred for Laughton Engineering: i (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 More Info Jul. 2 Jul. 4 Jul. 5 Jul. 10 Jul. 12 Jul. 19 Jul. 21 Jul. 27 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. X Date Jul. 2 Jul. 4 Jul. 5 Jul. 10 Jul. 12 Cash Accounts and Explanation Common Stock Issued common stock for cash. Utilities Expense Cash Paid cash expenses. Equipment Accounts Payable Purchase of equipment on account. Accounts Receivable Service Revenue Performed services on account. Cash Debit 13,000 380 1,600 3,200 7,300 Credit 13,000 380 1,600 3,200