E 3-11 Journalizing Transactions

Suppose that Asus Corporation had the following transactions:

1. Purchased a new building, paying $20,000 cash and issuing a note for $80,000.

2. Purchased $12,000 of truck on account.

3. Provided services for $17,500 on account

4. Paid for the truck purchased on account in (2) above.

5. Issued capital stock for $70,000.

6. Collected $9,500 of accounts receivable.

7. Paid utility bills totaling $500.

8. Sold old building for $62,000, receiving $18,000 cash and a $44,000 note (no gain or loss on the sale).

9. Paid $3,000 cash dividend to stockholders.

Required: Record the above transactions in general journal format. (Omit explanations.)