Question: Recording transactions in General Journal Enter the following transactions in the two-column journal of Baumann Bathrooms. Include a brief explanation of the transaction as part of each journal entry. Mar 1 Borrowed $90,000 cash from the bank by signing a 90-day note payable 3 Issued an additional 5,000 shares of capital stock in exchange for $40,000 cash 4 Purchased an adjacent vacant lot for use as parking space. The price was $70,000, of which $30,000 was paid in cash, a note payable was issued for the balance. 8 Acquired shop equipment from Elite Baths for $5,400 cash. 8 Collected an account receivable of $2,900 from a customer, Beekman Art Shoppe. 9 Issued a check for $1,060 in full payment of an account payable to Austin Industries, Inc. General Journal Date 20 Mar 1 3 4 8 8 9