DateAccountsDebitCreditThe following transactions octurted for London EngineeringJulyan/2 ccou ReceivableOwner contributed 55,000 in businessPala utiities expense of $400Purchased equipment on account, 52.100Pertormed service for a client on account, $2,000Borrowed $7,000 cash, signing a note pavatbleSold for $29.000 land that had cosr this same amountPurchased supplies for 5800 and paid in cashPaid the linbility from Jul SOwner withdrew $2.000 form businessSupplies1019Koviemert2127LandUse the following accoui CesnAccounts ReceivableSuppiesEquipmentLandAccounts poyableNotes PavableAcents PableNots PaybleOwners CapitalOwners CapitalOwrier WithdtewalSevice RevenueUtilities nupenteService RevenueJournalice the above transactideSheet1 nsactions occurred for London Engineering:DateAccountsDebitCredit7/1/21 Accounts ReceivableOwner contributed $5,000 in businessPaid utilities expense of $400Purchased equipment on account, $2,100Performed service for a client on account, $2,000Borrowed $7,000 cash, signing a note payableSold for $29,000 land that had cost this same amount.Purchased supplies for $800 and paid in cash7/2/21Supplies1012197/5/21Equipment2127Paid the liability from Jul 531Owner withdrew $2,000 form business.7/10/21Landng accoui CashAccounts Receivable7/12/21Accounts PayableSuppliesEquipmentLand7/19/21Notes PayableAccounts payableNotes PayableOwners Capital7/21/21Owners CapitalOwner WithdrawalService Revenue7/27/21Service RevenueUtilities expenseabove transaction.7/31/21Utilities Expense

Date Accounts And Explanations Debit ($) Credit ($) July 1 Cash 5,000 Owner's…

The following transactions octurted for London Engineering July Owner contributed 55.000 in business Paid utiities expense of 5400 Purchased equlpment on account, 52.100 Performed service for a cient on account, $2,000 Borrowed $7,000 cash, signing a note pavable Sold for $29,000 land that had cost this same amount Purchased supplies for S800 and paid in cash Paid the liability from JulS Owner withdrew $2.000 form business 10 12 19 21 27 Use me folowing nccour Cesn Accounts Receivable Supplies Equipment Land Accounts payable Notes Pavable Owners Capital Owner Withdrewal Sevice Revenue utilities espense Journalice the above transactidn

The following transactions octurted for London Engineering July Owner contributed 55.000 in business Paid utiities expense of 5400 Purchased equlpment on account, 52.100 Performed service for a cient on account, $2,000 Borrowed $7,000 cash, signing a note pavable Sold for $29,000 land that had cost this same amount Purchased supplies for S800 and paid in cash Paid the liability from JulS Owner withdrew $2.000 form business 10 12 19 21 27 Use me folowing nccour Cesn Accounts Receivable Supplies Equipment Land Accounts payable Notes Pavable Owners Capital Owner Withdrewal Sevice Revenue utilities espense Journalice the above transactidn

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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Quiz History: On-line Test Ch. 9, 10&11 A Quiz: On- Question 23 2 pt Journalize this transaction: Payroll cost was $12,000, there was Federal Income Tax withheld of 1,200 and FICA withheld of $900 Edit View Insert Format Tools Table 12pt v Paragraph v BIU A v O words Question 24 2 pts
Trial Balance to be correced Account Titles Debit Credit Cash in Bank 25,000 Accounts Receivable 20,000 Supplies Inventory 10,000 Tools 5,000 Shop Equipment 30,000 Accounts Payable 5,000 Notes Payable E. Dedumo, Capital E. Dedumo, Withdrawals 8,000 48,000 2,000 Repairs Income 40,000 Utilities Expense 3,000 Salaries and Wages 5,000 Taxes and Licenses 1,000 Total 101,000 101,000
Balance sheet.
Please andwer in good accounting form
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