Chapter 2, Problem 2.9S

(Learning Objective 4: Journalize transactions) After operating for several months, architect Donovan Freeman completed the following transactions during the latter part of July:

Jul 15	Borrowed $64,000 from the hank, signing a note payable.
22	Performed services on account for clients totaling $17,300.
28	Received $16,000 cash on account from clients.
29	Received and paid a utility bill of $1,800.
31	Paid monthly salaries of $10,000 to employees.

Journalize the transactions of Donovan Freeman, Architect. Include an explanation with each journal entry.