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The following transactions occurred for Lawr (Click the icon to view the transactions.) Previous question (Click the icon to view the journal entries.) Read
The following transactions occurred for Lawr (Click the icon to view the transactions.) Previous question (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 $14,000 contribution from Brett Lawrence 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 More info Jul. 2 Equipment Dividends Jul. 4 Received $14,000 contribution from Brett Lawrence in exchange for common stock. Paid utilities expense of $370. Jul. 5 Purchased equipment on account, $1,600. Jul. 10 Jul. 12 Jul. 19 Jul. 21 Jul. 27 Performed services for a client on account, $2,900. Borrowed $7,100 cash, signing a notes payable. Cash dividends of $200 were paid to stockholders. Purchased office supplies for $840 and paid cash. Paid the liability from July 5. -
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