Company Name: Lambda Media

1. Issued common stock for $70,000.
2. Purchased video production equipment for $30,000 cash.
3. Paid $2,400 for office rent.
4. Billed clients $18,000 for media services.
5. Paid $1,700 for utilities.
6. Received $14,000 from clients billed earlier.
7. Purchased media supplies for $900 on account.
8. Paid salaries of $5,000.
9. Paid $600 for advertising.
10. Received $6,000 from a shareholder.

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