Analyze the following transactions in the manner shown for the December 1 transaction. Also record each transaction in the journal.

Dec. 1 Paid utilities expense of \(\$ 1,200\). (Analysis: The expense utilities expense is increased; therefore, debit Utilities Expense. The asset cash is decreased; therefore, credit Cash.)

1 Utilities Expense. \(\qquad\) 1,200 Cash.... \(\qquad\)

4 Borrowed \(\$ 12,000\) cash, signing a note payable.

8 Performed service on account for a customer, \(\$ 1,600\).

12 Purchased office furniture on account, \(\$ 810\).

19 Sold for \(\$ 74,000\) land that had cost this same amount.

24 Purchased building for \(\$ 140,000\); signed a note payable.

27 Paid the liability created on December 12 .