Alphabet Inc. 

Account	Debit ($)	Credit ($)
Cash	110,000
Accounts Receivable	90,000
Inventory	170,000
Equipment	350,000
Accumulated Depreciation		90,000
Accounts Payable		120,000
Bank Loan		110,000
Capital		400,000
Total	720,000	720,000

Transactions for April 2026:

1. Purchased inventory for $120,000 on account.
2. Paid $50,000 towards accounts payable.
3. Sold inventory for $210,000 (cost of goods sold: $130,000).
4. Collected $100,000 from accounts receivable.
5. Paid $80,000 in operating expenses.
6. Paid $40,000 towards the bank loan.
7. Recorded depreciation expense of $13,000.

Requirements:

1. Journalize the transactions.
2. Post the entries to the ledger accounts.
3. Prepare an adjusted trial balance.
4. Create an income statement and a balance sheet for April 30, 2026.