Chapter 2, Problem E2.17E

Posting journal entries to T-accounts
Learning Obgective 3
3. Cash Balance $18,090
Requirements
1. Open the following T-accounts for Lawrence Engineering Cash; Accounts Receivable; Office Supplies; Equipment; Accounts Payable; Notes Payable; Lawrence; Capital; Lawrence, Withdrawals; Service \ Revenue; and Utilities Expense.
2. Post the journal entries to the T-accounts. Aso transfer the dates to the T-accounts.
3. Computer the July 31 balance for each account.
Use the following information to answer Exercises E2−18 and E2−19.
The following transactions occurred for Wilke Technology Solutions:

May 1	The business received cash of $105,000 and gave capital to Zoe Wilke.
2	Purchased office supplies on account, $550.
4	Paid $57,000 cash for building and land. The building had a fair market value of $45,000.
6	Performed services for customers and received cash, $3,600.
9	Paid $350 on accounts payable.
17	Performed services for customers on account, $3,500.
19	Paid rent expense for the month, $1,200.
20	Received $1,500 from customers for services to be performed next month.
21	Paid $900 for advertising in next month’s IT Technology magazine.
23	Received $3,100 cash on account from a customer.
31	Incurred and paid salaries, $1,700.