A) General Journals.

On 1 January 2020, ana Almeida began a new business, called Future Inc., a service company dedicated to developing digital marketing campaigns for financial institutions. The following transactions were completed by the business during January: 3 January: Issued 1100 shares of capital stock in exchange for her investment of 110,000 cash. 4 January: Purchased IT equipment for 50,000, paying 20,000 cash, and signing a note payable for the balance. 7 January: Acquired furniture for the new office for 75,000, paying 20,000 cash and signing a note payable for the balance. 8 January: Borrowed 50,000 from a bank. 10 January: Billed customers 85,000 for services performed.