prepare journal entry.

- Transactions transaction refore, credit Aug 1 Paid monthly utilities expense of $400. The analysis for the first transaction has been completed for you Click here to view the resulting journal entry 4 Borrowed $18,000 cash, signing a note payable 8 Purchased equipment on account, $2,700. 12 Performed service on account for a customer, S6,000. Sold land for $26,000 cash that had cost this same amount 19 the journal el 22 Purchased supplies for $500 and paid cash. 27 Paid the liability created on August 8. . Journal Entry Journal Entry Date Accounts Debit Credit Aug 400 1 Utilities Expense Cash Paid monthly utilities expense. 400 Print Done