Bank of America

Transactions for the month of December 2025:

1. Borrowed $220,000 from the bank.
2. Purchased office equipment for $45,000 cash.
3. Paid $7,000 for office supplies.
4. Sold inventory costing $24,000 for $60,000 on credit.
5. Paid $6,000 for utilities.
6. Received $50,000 from customers on account.
7. Paid $15,000 for advertising.
8. Paid $20,000 in salaries.

Required:

1. Record the transactions in the General Journal.
2. Post the transactions to the Ledger Accounts.
3. Prepare the Adjusted Trial Balance as at 31 December 2025.