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A to Z Fabrication, Inc., engaged in the following business transactions during August 2016:
Aug 1 Borrowed $225,000 from State Bank. The company president signed a note payable to
the bank in the name of A to Z Fabrication, Inc.
3 Paid $200,000 cash to purchase an office building.
6 Provided services to customers on account, $19,000.
9 Purchased $245 of office supplies on account.
13 Provided services to cash customers, $7,600.
15 Paid $5.000 of dividends to company stockholders.
17 Received payment on account from credit customers, $6.600.
18 Paid property tax expense on office building, $1,200.
22 Paid employee salaries, $2.500.
26 Paid cash to purchase supplies, $185.
31 Paid $150 on account.
A to Z Fabrication, Inc., uses the following accounts: Cash, Accounts Receivable, Supplies,
Building, Accounts Payable, Notes Payable, Common Stock, Dividends, Service Revenue,
Salaries Expense, and Property Tax Expense.
Requirement
Journalize each transaction. Omit explanations?
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