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The following transactions occurred for Lambert Engineering (Click the icon to view the transactions) Journalize the transactions of Lambert Engineering include an explanation with each
The following transactions occurred for Lambert Engineering (Click the icon to view the transactions) Journalize the transactions of Lambert Engineering include an explanation with each oumal entry. Use the following accounts. Cash Accounts Receivable Office Supplies Equipment Accounts Payable: Notes Payable, Common Stock Dividends: Service Revenue and Utilities Expense. (Record debits first, the credits Select the explanation on the last line of the joumal entry tab) July 2. Received $9.000 contribution from Bl Lambert in exchange for common stock Date Accounts and Explanation Debit Credit Jul. 2 r Lambert tions.) ? More info Engineer Service Re Supplies; Equ entry table.) rom Bill La ats and Ex Jul. 2 Received $9,000 contribution from Bill Lambert in exchange for common stock Jul. 4 Paid utilities expense of $350. Jul. 5 Purchased equipment on account, $2,300. Jul. 10 Performed services for a client on account, $2,600. Jul. 12 Borrowed $7,600 cash, signing a notes payable. Jul. 19 Cash dividends of $600 were paid to stockholders. Jul. 21 Purchased office supplies for $840 and paid cash. Jul. 27 Paid the liability from July 5. Print Done
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