Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

The following transactions occurred for Lawrence Engineering Click the icon to view the transactions) Journalize the transactions of Lawrence Engineering Indude an explanation with each

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The following transactions occurred for Lawrence Engineering Click the icon to view the transactions) Journalize the transactions of Lawrence Engineering Indude an explanation with each ouma Une foong Payable. Common Stock Dividends Service R e U s Expense Record debitis first, there are the ument Account Patio Cash Acousc nation on the l ine of the o Sus mal entry ) July 2: Received $14.000 contribution from Sam Lawrence in exchange for common stock Accounts and Explanation Debit M2 Date Credit 1 More Info 2 Received $14.000 G o to Sam cinesche July 4: Paides expense of $370 4 Paldies expense of $370. 5 Purchased equipment on account. $1.500 10 Perfomed services for a canton account. 12. 200 12 Borrowed 7,100 ca r ing anos payable cash dividends were paid t he des 21 Purchased ol i es for S770 and paidah 27 Pad the boys co n d Explanation Pren [Dono Choose from any or enter any number in the input folds and then continue to the next question The following transactions occurred for Lawrence Engineering Click the loon to view the transactions) Journal Payat the transactions of Lawrence Engineering include an explanation with each jumalaty Use the fo u nts Cash Accounts Receivable Supplies Equipment Accounts Payable Notes Common Stock Dividends Service Revenue Expense Recorde r s the credits Set the explanation on the last line of the journal entry table) Predamento Account and Explanation More Ho Credit 2 Received $14.000 contration from Sam Larance in exchange 10 Putr i ces for a chanton URL 2.200 4 Paid utilities expense of $370 Purchased equipment on account. $1.900 10 Performed services for a conto count $2.200 12 Bomowed 7,100 cashing anches payable 19 Cash diddo re paid to his 21 Purchased for 5770 and paidah 27 Pad the hos Accounts and plantion pon [Dono Journalize the transactions of Lawrence Engineering include an explanation with each many Use the following accounts Cash Accounts Receivable Office Supplies Equipment Accounts Payable Notes Payable, Common Stock Dividends Service Revenue Expense Record debits first the credits. Select the explanation on the last line of the journal entry ) July 12 Borrowed 57,100 cash, signing a notes payable Date Accounts and Explanation More Info Jul 12 Jul 2 Received $14.000 contribution from San Lawrence in exchange for common July 19: Cash dividends of $550 were paid to stockholders 4 Padultes expense of $310. Purchased a pment on account, $1,000 10 Performed services for a client on account $2,200 12 Borrowed $7.100 cash signing a notes payable 19 Cash dividends of $550 were paid to stockholders 21 Purchased office for 5770 and paid cash 27 and the ability to Date Account and Explanation Debit Credit Jul 19 Print Done The following transactions occurred for Lawrence Engineering (Click the icon to view the transactions.) Journalize the transactions of Lawrence Engineering, include an explanation with each journal entry Use the following accounts Cash Accounts Receivable; Omice Supplies: Equipment Accounts Payable: Notes Payable, Common Stock Dividends: Service Revenue U ties Expense Record detits frut, then credits. Select the explanation on the last line of the journal entry table.) July 21: Purchased office supplies for $770 and paid cash Date Accounts and Explanation More info 2 Received $14.000 c o n from San Lawrence in exchange for common stock 4 Paid ubes expense of $370 5 Purchased equipment on account. $1,900. 10 Performed services for a client on account $2.200 12 Borrowed $7.100 cash signing a rotes payable 19 Cash dividends of so were paid to holders 21 Purchased office colles for $770 and paid cash 27 Paid the ability from July 5. 27: Paid the ability from us Account and Explanatie Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Accounting Principles

Authors: Larson Kermit, Tilly Jensen

Volume I, 14th Canadian Edition

978-0071051507

Students also viewed these Accounting questions