DateAccounts and ExplanationDebitCreditJul. 27Accounts Payable1,800Cash1,800Paid cash on account.E2-17 Homework Question #19The following transactions occurred for Laughton Engineering:Jul.2Received $10,000 contribution from Bobby Laughton, owner, in exchange for capital. 4Paid utilities expense of $420. 5Purchased equipment on account, $1,600. 10Performed services for a client on account, $2,100. 12Borrowed $7,000 cash, signing a notes payable.19The owner, Bobby Laughton, withdrew $500 cash from the business. 21Purchased office supplies for $770 and paid cash.27Paid the liability from July 5.