Prepare journal entries to record the following transactions that occurred in March:
A. On first day of the month, purchased building for cash, $75,000
B. On fourth day of month, purchased inventory, on account, $6,875
C. On eleventh day of month, billed customer for services provided, $8,390
D. On nineteenth day of month, paid current month utility bill, $2,000
E. On last day of month, paid suppliers for previous purchases, $2,850