Company Name: Nu Electronics

1. Issued common stock for $55,000.
2. Paid $12,000 for office supplies.
3. Received $4,000 from a customer for a sale made on account.
4. Paid $2,000 for rent.
5. Purchased equipment for $8,000 on account.
6. Issued additional shares for $7,000.
7. Paid $3,000 in salaries.
8. Sold inventory for $5,000 cash.
9. Paid $600 for utilities.
10. Paid off $5,000 on the equipment purchase.

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