Using the steps outlined in the five-step transaction analysis, record the following transactions in the general journal for Laverden Plumbing, Inc. Explanations are not required.

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May 1 5 Paid interest expense, $500. Purchased office furniture on account, $2,500. 10 Performed service on account for a customer, $2,700. Borrowed $4,500 cash, signing a note payable. 12 19 Sold for $50,000 land that had cost the company $50,000. Purchased building for $800,000; signed a note payable. 27 Paid $700 on account. 21