Company Name: Kappa Education

1. Issued common stock for $120,000.
2. Purchased teaching equipment for $50,000 cash.
3. Paid $3,000 for office rent.
4. Billed clients $28,000 for educational services.
5. Paid $2,200 for utilities.
6. Received $24,000 from clients billed earlier.
7. Purchased office supplies for $1,400 on account.
8. Paid salaries of $8,000.
9. Paid $1,000 for advertising.
10. Borrowed $18,000 from the bank.

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