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Journalize Transactions Galle Inc. entered into the following transactions during January. a. January 1: Borrowed $280,000 from First Street Bank by signing a note
Journalize Transactions Galle Inc. entered into the following transactions during January. a. January 1: Borrowed $280,000 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, $20,900. e. January 25: Collected $3,000 from customers for services performed in Transaction d. f. January 28: Purchased land for $300,000 by paying $30,000 cash and obtaining a loan for the balance. g. January 30: Paid salaries of $6,000 for the current month. Required: Prepare journal entries for the transactions. If an amount box does not require an entry, leave it blank. Jan. 1 15 25 25 28 30
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