The following transactions occurred for London Engineering:

July 2 Received $12,000 contribution from Brett London, owner, in exchange for capital

4 Paid utilities expense of $410

5 Purchased equipment on account, $2,200

10 Performed services for a client on account, $2,800

12 Borrowed $7,500 cash, signing a notes payable.

19 The owner, Brett London, withdrew $750 cash from the business

21 Purchased office supplies fro $860 and paid cash

27 Paid the liability from July 5

Journalize the transaction of London Engineering. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Equipment; Accounts Payable; London, Capital; London Withdrawals; Service Revenue; Utilities Expense.