The following transactions occurred for Lexington Engineering (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 ovent from the 2nd. Received $13,000 contribution from Bob Lexington 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 Recolvable Notes Payable Utilities Expense Office Supplies Common Stock Dividends Equipment - unts ond I post to Lexington eivable Jul. 2 Received $13,000 contribution from Bob Lexington in exchange for common stock. Jul. 4 Paid utilities expense of $450. Jul. 5 Purchased equipment on account $2,500 Jul. 10 Performed services for a client on account, $2,500. Jul. 12 Borrowed $6,800 cash, signing a notes payable. Jul. 19 Cash dividends of $600 were paid to stockholders. Jul. 21 Purchased office supplies for $750 and paid cash. Jul. 27 Paid the liability from July 5. lies Date Accounts and Explanation Debit Credit Jul. 2 13,000 Cash Common Stock 13,000 in Issued common stock for cash. Jul 4 Utilities Expense 450 Cash 450 Paid cash expenses. Jul. 5 2,500 2,500 Jul. 10 Equipment Accounts Payable Purchase of equipment on account. Accounts Receivable Service Revenue Performed services on account. Cash 2,500 2,500 6,800 Jul. 12 6,800 Notes Payable Borrowed cash by signing note. Jul. 10 Purchase of equipment on account. Accounts Receivable Service Revenue 2,500 2,500 Performed services on account. Jul. 12 6,800 Cash Notes Payable Borrowed cash by signing note. Dividends 6,800 Jul. 19 600 Cash 600 Paid cash dividends. Jul. 21 750 750 Office Supplies Cash Purchase of office supplies with cash. Accounts Payable Jul. 27 2,500 Cash 2,500 Paid cash on account