Company Name: Chi Media

1. Issued common stock for $85,000.
2. Purchased $28,000 of media equipment.
3. Paid $2,800 for rent.
4. Billed $14,000 to clients.
5. Paid $2,500 in wages.
6. Received $16,000 from a bank loan.
7. Paid $1,200 for utilities.
8. Purchased $900 of media supplies.
9. Received $7,000 from clients billed earlier.
10. Paid $500 for advertising.

Requirement: Record the above transactions in the general journal and prepare a trial balance.