ABC Company had the following transactions during January January 1 Issued capital stock to the shareholders in exchange for $330,000 cash. January 15 Purchased a piece of land for $270,000, making a $110,000 cash down payment and signing a note payable for the balance. January 26 Made a $30,000 cash payment on the note payable from the purchase of land, January 29 Purchased equipment on credit for $25,600. In order to record the transaction on January 29 in general journal of ABC Company