Date accounts and explanation debit credit jul 4

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DateAccounts and ExplanationDebitCreditJul. 4Utilities Expense380Cash380Paid cash expenses.Jul 5: Purchased equipment on account, $1,800. DateAccounts and ExplanationDebitCreditJul. 5Equipment1,800Accounts Payable1,800Purchase of equipment on account.July 10: Performed services for a client on account, $2,900. DateAccounts and ExplanationDebitCreditJul. 10Accounts Receivable2,900Service Revenue2,900Performed services on account.
July 12: Borrowed $7,400 cash, signing a notes payable.DateAccounts and ExplanationDebitCreditJul. 12Cash7,400Notes Payable7,400Borrowed cash by signing note.July 12: Borrowed $7,400 cash, signing a notes payable.DateAccounts and ExplanationDebitCreditJul. 12Cash7,400Notes Payable7,400Borrowed cash by signing note.July 21: Purchased office supplies for $760 and paid cash.DateAccounts and ExplanationDebitCreditJul. 21Office Supplies760Cash760Purchase of office supplies with cash.July 27: Paid the liability from July 5.
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.
 
 10,000
  
420 
 420
  
 
 1,600
  
 
 2,100
  
    Jul. 12Cash7,000     Notes Payable     Borrowed cash by signing note.    Jul. 19Laughton, Withdrawals     Cash     Owner withdrawal.    Jul. 21Office Supplies     Cash     Purchase of office supplies with cash.    Jul. 27Accounts Payable1,600     Cash     Paid cash on account.Requirements 1.The following T-accounts for Laughton Engineering have been opened for you: Cash; Accounts Receivable; Office Supplies; Equipment; Accounts Payable; Notes Payable; Laughton, Capital; Laughton, Withdrawals; Service Revenue; Utilities Expense. Post the journal entries to the T-accounts. Use the dates as posting references in the T-accounts. 2.Compute the July 31 balance for each account. 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 $10,000 contribution from Bobby Laughton, owner, in exchange for capital. We will post to the accounts one transaction at a time. Begin by posting the event from the 2nd. Received  7,000  500  500  770  770    1,600  

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