Apex Engineering
1.Issued $300,000 in bonds payable.
2.Purchased machinery for $120,000.
3.Paid $10,000 for insurance.
4.Provided engineering services worth $150,000 (cost $70,000) on credit.
5.Paid $60,000 in salaries.
6.Collected $120,000 from clients.
7.Paid $6,000 for office maintenance.
Requirement: Record transactions, prepare the general ledger, and create an income statement.