Journalizing transactions (Learning Objective 3) 15–20 min.

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.AppendixLO1

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Apr 1 5 Paid interest expense, $1,000. Purchased office furniture on account, $3,000. 10 Performed service on account for a customer, $2,400. Borrowed $20,000 cash, signing a note payable. 12 19 Sold for $75,000 land that had cost the company $75,000. Purchased building for $300,000; signed a note payable. 27 Paid $1,500 on account. 21