The following transactions occurred for Lawrence Engineering: (Click the icon to view the transactions.) Read the requirements. (Click the icon to view the journal entries.) 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 Arenunte Receivable Notae Pavahle Utilities Evnanea More info Jul. 2 Received $14,000 contribution from Brett Lawrence in exchange for common stock. Paid utilities expense of $370. Jul. 4 Jul. 5 Purchased equipment on account, $1,600. Jul. 10 Performed services for a client on account, $2,900. Jul. 12 Borrowed $7,100 cash, signing a notes payable. Jul. 19 Jul. 21 Cash dividends of $200 were paid to stockholders. Jul. 27 Purchased office supplies for $840 and paid cash. Paid the liability from July 5. - X Se Reference Date Accounts and Explanation Debit Credit 14,000 14,000 Jul. 2 Cash Common Stock Issued common stock for cash. Jul. 4 Utilities Expense Jul. 5 Cash Paid cash expenses. Equipment Accounts Payable 370 370 1,600 1,600 Reference Accounts Payable Purchase of equipment on account. Jul. 10 Accounts Receivable Service Revenue Performed services on account. Jul. 12 Cash Notes Payable Borrowed cash by signing note. Jul. 19 Dividends Cash 1,600 2,900 2,900 7,100 7,100 200 200 Reference Jul. 19 Borrowed cash by signing note. Dividends Cash Paid cash dividends. Jul. 21 Office Supplies Cash Purchase of office supplies with cash. Jul. 27 Accounts Payable Cash Paid cash on account. 200 200 840 840 1,600 1,600