Using the steps outlined in the five-step transaction analysis, record the following transactions in the general journal
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Using the steps outlined in the five-step transaction analysis, record the following transactions in the general journal for Marx Plumbing, Inc. Explanations are not required.
June 1 Paid interest expense, $900.
5 Purchased office furniture on account, $2,500.
10 Performed service on account for a customer, $1500.
12 Borrowed $22,000 cash, signing a note payable.
19 Sold for $75000 land that had cost the company $75,000.
21 Purchased building for $400.000: signed a note payable.
27 Paid $1,000 on account.
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