The following transactions occurred for Lambert Engineering: (Click the icon to view the transactions.) Journalize...
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Accounting
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 journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Equipment; Accounts Payable; Notes Payable; Common Stock; Dividends; Service Revenue; Utilities Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Check your spelling carefully and do not abbreviate. Use the account names given in the problem statement.) July 2: Received $10,000 contribution from Bart Lambert in exchange for common stock. Date Accounts and Explanation Debit Credit Jul. 2 i . X More Info Jul. 2 Received $10,000 contribution from Bart Lambert in exchange for common stock 4 Paid utilities expense of $400. 5 Purchased equipment on account, $1,700. 10 Performed services for a client on account, $2,900. 12 Borrowed $7,200 cash, signing a notes payable. 19 Cash dividends of $700 were paid to stockholders. 21 Purchased office supplies for $790 and paid cash. 27 Paid the liability from July 5. Print Done
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