AquaFlow Plumbing
1.Issued $100,000 in bonds payable.
2.Purchased plumbing equipment for $40,000.
3.Paid $3,000 for insurance.
4.Provided plumbing services worth $60,000 (cost $20,000) on credit.
5.Paid $25,000 in wages.
6.Received $50,000 from clients.
7.Paid $4,000 for repairs.
Requirement: Record transactions, prepare the general ledger, and create a cash flow statement.