The following transactions occurred for

LeroyLeroy

Engineering:

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Journalize the transactions of

LeroyLeroy

Engineering. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Equipment; Accounts Payable; Notes Payable; Common Stock; Dividends; Service Revenue; Utilities Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

2: Received

$ 17 comma 000$17,000

contribution from

John LeroyJohn Leroy

in exchange for common stock.

Date	Accounts and Explanation	Debit	Credit
Jul. 2

JulyJuly

4: Paid utilities expense of

$ 390$390.

Date	Accounts and Explanation	Debit	Credit
Jul. 4

JulyJuly

5: Purchased equipment on account,

$ 2 comma 600$2,600.

Date	Accounts and Explanation	Debit	Credit
Jul. 5

JulyJuly

10: Performed services for a client on account,

$ 2 comma 900$2,900.

Date	Accounts and Explanation	Debit	Credit
Jul. 10

JulyJuly

12: Borrowed

$ 7 comma 700$7,700

cash, signing a notes payable.

Date	Accounts and Explanation	Debit	Credit
Jul. 12

JulyJuly

19: Cash dividends of

$ 550$550

were paid to stockholders.

Date	Accounts and Explanation	Debit	Credit
Jul. 19

JulyJuly

21: Purchased office supplies for

$ 800$800

and paid cash.

Date	Accounts and Explanation	Debit	Credit
Jul. 21

JulyJuly

27: Paid the liability from

JulyJuly

5.

	Accounts and Explanation	Debit	Credit
Jul. 27

2	Received $ 17 comma 000$17,000 contribution from John LeroyJohn Leroy in exchange for common stock.
	4	Paid utilities expense of $ 390$390.
	5	Purchased equipment on account, $ 2 comma 600$2,600.
	10	Performed services for a client on account, $ 2 comma 900$2,900.
	12	Borrowed $ 7 comma 700$7,700 cash, signing a notes payable.
	19	Cash dividends of $ 550$550 were paid to stockholders.
	21	Purchased office supplies for $ 800$800 and paid cash.
	27	Paid the liability from JulyJuly 5.