Jefferson Framers engaged in the following transactions:
a. Purchased land for $35,200 cash.
b. Purchased equipment for $16,400 in exchange for a 1-year, 8% note payable.
c. Purchased office supplies on credit for $1,500 from Office Depot.
d. Paid the $15,000 principal plus $600 interest on a note payable.
e. Paid an account payable in the amount of $3,150.
f. Provided $65,300 of services on credit.
g. Provided $15,400 of services for cash.
h. Collected $32,800 of accounts receivable.
i. Paid $10,300 of wages in cash.
j. Issued common stock for $40,000 cash.
Required:
Using a table like the one below, enter the necessary information for each transaction. Enter the debits before the credits. Transaction a is entered as an example.