Requirement 2. Compute the July 31 balance for each account. Use a \"Bal.\" post
ID: 2328153 • Letter: R
Question
Requirement 2. Compute the July 31 balance for each account.
Use a "Bal." posting reference on the proper side of each account to show the ending balances of the accounts. (For accounts with a $0 balance, make sure to enter "0" in the appropriate cell on the normal side of the account.)
July
2
Received $8,000 contribution from Brian LawrenceBrian Lawrence, owner, in exchange for capital.
4
5
10
12
19
21
27
July
2
Received $8,000 contribution from Brian LawrenceBrian Lawrence, owner, in exchange for capital.
4
Paid utilities expense of $350.5
Purchased equipment on account, $2,600.10
Performed services for a client on account, $2,200.12
Borrowed $7,300 cash, signing a notes payable.19
The owner, Brian LawrenceBrian Lawrence, withdrew $600 cash from the business.21
Purchased office supplies for $760 and paid cash.27
Paid the liability from July 5. Requirement Z. Compute the July 31 balance tor each account Use a "Bal" posting reference on the proper side of each account to show the ending balances of the accounts (For accounts wah a 50 bamake sure to enter "O" in the appropriate cell on the normal side ot the acco Cash Accounts Payable Service Revenue Jul. 2 8,000 350 Jul. 4 Jul. 27 2,600 2,600 Jut 5 2.200 Jul: 10 Jul 12 7300 600 Jd 19 Jul. 12 7 300 600 Jul 19 760 Jul 21 2,600 Jul 27 Accounts Receivable Notes Payable Utilities Expense Jul 10 2.200 7.300 Jul 12ul. 4 350 Office Supplies Lawrence, Capital B,000 Jul. 2 Jul 21 760 Equipment Lawrence, WithdrawalsExplanation / Answer
Cash Accounts Payable Service Revenue 2-Jul 8000 350 4-Jul 27-Jul 2600 2600 5-Jul 2200 10-Jul 12-Jul 7300 600 19-Jul 0 Bal. 2200 Bal. 760 21-Jul 2600 27-Jul Bal. 10990 Accounts Receivable Notes Payable Utilities expense 10-Jul 2200 7300 12-Jul 4-Jul 350 Bal. 2200 7300 Bal. Bal. 350 Office Supplies Lawrence, capital 21-Jul 760 8000 2-Jul Bal. 760 8000 Bal. Equipment Lawrence, Withdrawals 5-Jul 2600 19-Jul 600 Bal. 2600 Bal. 600
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