Question

Using the steps outlined in the five-step transaction analysis, record the following transactions in the general journal for Washup Plumbing, Inc. Explanations are not required.
Apr 1 Paid interest expense, $1,000.
5 Purchased office furniture on account, $3,000.
10 Performed service on account for a customer, $2,400.
12 Borrowed $20,000 cash, signing a note payable.
19 Sold for $75,000 land that had cost the company $75,000.
21 Purchased building for $300,000; signed a note payable.
27 Paid $1,500 on account.



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  • CreatedApril 29, 2014
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