BrightFuture Schools
1.Issued $500,000 in bonds payable.
2.Purchased educational supplies for $150,000.
3.Paid $10,000 for insurance.
4.Provided educational services worth $200,000 (cost $80,000) on credit.
5.Paid $90,000 in salaries.
6.Received $150,000 from clients.
7.Paid $12,000 for office maintenance.
Requirement: Record transactions, prepare the general ledger, and create a cash flow statement.