Assignment 2.2 Handout 1. The following transactions occurred for Lawrence Engineering: Jul. 2 Received $14,000 contribution from Brett Lawrence, owner, in exchange for capital. 4 Paid utilities expense of $370. 5 Purchased equipment on account, $1,600. 10 Performed services for a client on account, $2,900. 12 Borrowed $7,100 cash, signing a notes payable. 19 The owner, Brett Lawrence, withdrew $200 cash from the business. 21 Purchased office supplies for $840 and paid cash. 27 Paid the liability from July 5. Requirements: R1. Open the following T-accounts for Lawrence Engineering: Cash; Accounts Receivable; Office Supplies; Equipment; Accounts Payable; Notes Payable; Lawrence, Capital; Lawrence, Withdrawals; Service Revenue; and Utilities Expense. R2. Post the journal entries to the T-accounts. Also transfer the dates to the T- accounts. R3. Compute the July 31 balance for each account