The following transactions occurred for Lawrence Engineering: Peceived $14,000 contribution from Brett Lawrence, owner, in Jul. 2 exchange for capital. Paid utilities expense of $370. 4. Purchased equipment on account, $1,600. Performed services for a client on account, $2,900. 10 Borrowed $7,100 cash, signing a notes payable. 12 The owner, Brett Lawrence, withdrew $200 cash from the business. 19 Purchased office supplies for $840 and paid cash. 21 27 Paid the liability from July 5.

The following transactions occurred for Lawrence Engineering: Peceived $14,000 contribution from Brett Lawrence, owner, in Jul. 2 exchange for capital. Paid utilities expense of $370. 4. Purchased equipment on account, $1,600. Performed services for a client on account, $2,900. 10 Borrowed $7,100 cash, signing a notes payable. 12 The owner, Brett Lawrence, withdrew $200 cash from the business. 19 Purchased office supplies for $840 and paid cash. 21 27 Paid the liability from July 5.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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REQUIREMENT: JOURNAL ENTRIES
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