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Journalize the following transactions (format - 'Debit (account) $x,xxx; Credit (account) $x,xxx) Jul. 4...

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Accounting

Journalize the following transactions (format - 'Debit (account) $x,xxx; Credit (account) $x,xxx)

Jul. 4 Paid utilities expense of $350.

Jul. 5 Purchased equipment on account, $1,500.

Jul. 10 Sold goods for $1,000. Cost of $350. Terms N/30

Jul. 19 Cash Dividends of $500 were paid to stockholders

Jul. 21 Purchased inventory for $3,000. Terms 5/10, N/30

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