- X i More Info Jul. 2 Received $13,000 contribution from Bart Lambert, owner, in exchange for capital. Jul. 4 Jul. 5 Paid utilities expense of $440. Purchased equipment on account, $2,500. Performed services for a client on account, $3,200. Jul. 10 Jul. 12 Borrowed $6,800 cash, signing a notes payable. Jul. 19 The owner, Bart Lambert, withdrew $200 cash from the business. Jul. 21 Purchased office supplies for $770 and paid cash. Paid the liability from July 5. Jul. 27 Print Done Date Accounts and Explanation Debit Credit Jul. 2 Cash 13,000 Lambert, Capital 13,000 Owner contribution. Jul. 4 Utilities Expense 440 Cash 440 Paid cash expenses. Jul. 5 2,500 Equipment Accounts Payable Purchase of equipment on account. 2,500 Jul. 10 Accounts Receivable 3,200 Service Revenue 3,200 Performed services on account. Jul. 12 Cash 6,800 6,800 Notes Payable Borrowed cash by signing note. Jul. 19 Lambert, Withdrawals 200 Cash 200 Owner withdrawal. Jul. 21 Office Supplies 770 Cash 770 Purchase of office supplies with cash. Jul. 27 Accounts Payable 2,500 Cash 2,500 Paid cash on account. Print Done The following transactions occurred for Lambert Engineering: (Click the icon to view the transactions.) (Click the icon to view the journal entries.) Read the requirements. Requirement 1. Post the journal entries 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 event from the 2nd. Received $13,000 contribution from Bart Lambert, owner, in exchange for capital. (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 Receivable Notes Payable Utilities Expense Office Supplies Lambert, Capital Equipment Lambert, Withdrawals