Advantage Advertising, Inc., engaged in the following business transactions during November of 2010:

Advantage Advertising, Inc., uses the following accounts: Cash, Accounts Receivable, Supplies, Building, Accounts Payable, Notes Payable, Common Stock, Dividends, Sales Revenue, Salary Expense, and Property Tax Expense.
Requirement 1. Journalize each transaction. Omit explanations

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Nov 1 Borrowed $200,000 from First State Bank. The company president signed 3 6 a note payable to the bank in the name of Advantage Advertising, Inc. Paid $145,000 cash to purchase an office building. Provided services to customers on account, $14,700. 9 Purchased $1,600 of office supplies on account. 13 15 17 Provided services to cash customers, $8,100. Paid $6,000 of dividends to company stockholders. Received payment on account from credit customers, $6,600. Paid property tax expense on office building, $1,600. 22 Paid employee salaries, $2,800. 26 Paid cash to purchased supplies, $700. 30 Paid $2,000 on account.