Company Name: Gamma Retailers

1. Issued common stock for $75,000.
2. Purchased inventory for $30,000 cash.
3. Paid $1,500 for office rent.
4. Sold goods on account for $20,000.
5. Paid $1,000 for utilities.
6. Received $15,000 from customers billed earlier.
7. Purchased supplies for $800 on account.
8. Paid salaries of $4,500.
9. Paid $600 for advertising.
10. Received a $5,000 loan from a shareholder.

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