Question

More Info Jul. 2 Received $15,000 contribution from Brian London, owner, in exchange capital. 4 Paid utilities expense of $360. 5 Purchased equipment on account, $2,500. 10 Performed services for a client on account, $3,500. 12 Borrowed $6,800 cash, signing a notes payable. 19 The owner, Brian London, withdrew $450 cash from the business. 21 Purchased office supplies for $780 and paid cash. 27 Paid the liability from July 5. Print Done

Answer 1

Date	Accounts and Explanation	Debit	Credit
Jul. 2	Cash	15000
	London,Capital		15000
	Received Cash contribution from owner
Date	Accounts and Explanation	Debit	Credit
Jul 4	Utilities expense	360
	Cash		360
	Paid cash expenses
Date	Accounts and Explanation	Debit	Credit
Jul. 5	Equipment	2500
	Accounts Payable		2500
	Purchase of Equipment on account
Date	Accounts and Explanation	Debit	Credit
Jul. 10	Accounts Receivable	3500
	Service Revenue		3500
	Performed services on account
Date	Accounts and Explanation	Debit	Credit
Jul. 12	Cash	6800
	Notes payable		6800
	Borrowed cash by signing note
Date	Accounts and Explanation	Debit	Credit
Jul. 19	London, Withdrawals	450
	Cash		450
	Amount withdrawn by owner
Date	Accounts and Explanation	Debit	Credit
Jul. 21	Office Supplies	780
	Cash		780
	Purchase of office supplies with cash
Date	Accounts and Explanation	Debit	Credit
Jul. 27	Accounts Payable	2500
	Cash		2500
	Paid cash on account