Microsoft Corporation provided the following information for July 2024:

• July 1: Borrowed $200,000 from the bank by signing a note payable.
• July 4: Purchased inventory for $50,000 on account.
• July 12: Sold goods for $75,000 on credit, the cost of goods sold was $40,000.
• July 18: Paid $8,000 for advertising expense.
• July 25: Collected $60,000 from customers on account.

Requirements:

1. Record the journal entries for the above transactions.
2. Post the transactions to the ledger.
3. Prepare the unadjusted trial balance.
4. Prepare the statement of cash flows for July 2024.
5. Calculate the ending balance of accounts receivable.