Question

Using the steps outlined in the five-step transaction analysis, record the following transactions in the general journal for Adlewax Plumbing, Inc. Explanations are not required.
Apr 1 Paid interest expense, $400.
5 Purchased office furniture on account, $3,000.
10 Performed service on account for a customer, $2,700.
12 Borrowed $22,000 cash, signing a note payable.
19 Sold for $60,000 land that had cost the company $60,000.
21 Purchased building for $400,000; signed a note payable.
27 Paid $450 on account.



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  • CreatedApril 29, 2014
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