Bright Horizons Daycare performed the following transactions:
1.Issued $50,000 in common stock.
2.Purchased playground equipment for $20,000 on credit.
3.Paid $1,500 for advertising.
4.Provided daycare services worth $30,000 (cost $10,000) on account.
5.Paid $15,000 in wages.
6.Received $25,000 from clients.
7.Paid $1,200 for utilities.
Requirement: Prepare journal entries and create a trial balance.