The following transactions occurred. for Mission Cable Services. July 2 Received $20,000 contribution from Thomas in exchange for Common Stock 4 Paid utilities expense of $800. 5 Purchased equipment on account, $4,200. 10 Performed services for a client on account, $4,000. 12 Borrowed $14,000 cash, signing a notes payable. 19 Cash dividends of $1,000 were paid to stockholders. 21 Purchased office supplies for $1,600 and paid cash. 2? Paid the liability from July 5. 1. Journalize the transactions of Mission Cable Services. Include an explanation. 2. Open Taccounts for Mission Cable Services. 3. Compute the July 31 balance for each account