Company Name: Iota Health Services

1. Issued common stock for $85,000.
2. Purchased medical equipment for $45,000 cash.
3. Paid $2,800 for office rent.
4. Billed clients $20,000 for health services.
5. Paid $1,500 for utilities.
6. Received $16,000 from clients billed earlier.
7. Purchased medical supplies for $1,200 on account.
8. Paid salaries of $6,000.
9. Paid $700 for advertising.
10. Received $8,000 from an investor for additional shares.

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