Question

Using the steps outlined in the five-step transaction analysis, record the following transactions in the general journal for Alread Plumbing, Inc. Explanations are not required.
Feb 1 Paid interest expense, $300.
5 Purchased office furniture on account, $2,200.
10 Performed service on account for a customer, $1,700.
12 Borrowed $4,500 cash, signing a note payable.
19 Sold for $85,000 land that had cost the company $85,000.
21 Purchased building for $290,000; signed a note payable.
27 Paid $1,500 on account.


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  • CreatedJuly 08, 2015
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