Joumalize Transactions Gale Inc. entered into the following transactions during January January 11 Borrowed $136,000 from First Street Bank by signing a note payable b. January 4: Purchased $25,000 of equipment for cash January 6: Paid $500 to landiord for rent for January 4. January 15: Performed services for customers on account, $49,600 e January 25: Collected $3,000 from customers for services performed in Transaction d. January 28: Purchased land for $220,000 by paying $20,000 cash and obtaining a loan for the balance 9. January 30: Paid salaries of $8,500 for the current month Required Prepare journal entries for the transactions. It an amount box com not require an entry, leave it blank Jan. 1 Accounts Receivable Cash Notes Payable Notes Receivable II II Service Revenue Accounts Receivable Cash 4 Notes Payable Notes Receivable Service Revenue 6 15 25 II II II II II II III II 28 30 ll