Journalize Transactions 1. BE.02.21 2. BE.02.22.ALGO 3. BE.02.23 Galle Inc. entered into the following transactions during January. a. January 1: Borrowed $67,000 from First Street Bank by signing a note payable. b. January 4: Purchased $25,000 of equipment for cash. c. January 6: Paid $500 to landlord for rent for January. d. January 15: Performed services for customers on account, $48,100. e. January 25: Collected $3,000 from customers for services performed in Transaction d. f. January 28: Purchased land for $300,000 by paying $14,000 cash and obtaining a loan for the balance. 9. January 30: Paid salaries of $5,500 for the current month. 4. BE.02.24.ALGO 5. BE.02.26.ALGO Required: 6. EX.02.31.ALGO Prepare journal entries for the transactions. If an amount box does not require an entry, leave it blank. 7. PR.02.48A Cash Jan. 1 8. PR.02.49A Notes Payable 4 Equipment Cash 6 Rent Expense Cash 15 Accounts Receivable Homework Chapter 2 eBook Notes Payable 1. BE.02.21 ? 4 Equipment 2. BE.02.22.ALGO Cash 3. BE.02.23 6 Rent Expense 4. BE.02.24.ALGO Cash 5. BE.02.26.ALGO 15 Accounts Receivable 6. EX.02.31.ALGO Service Revenue 7. PR.02.48A I II II II II III Id I II II II II III II 25 Cash 8. PR.02.49A Accounts Receivable 28 Land Cash Notes Payable 30 Salaries Expense Cash Check My Work Progress: 4/8 items