Company Name: Phi IT Services

1. Issued common stock for $95,000.
2. Purchased $35,000 of computers.
3. Paid $3,500 for rent.
4. Billed $18,000 to clients.
5. Paid $3,000 in wages.
6. Received $17,000 from a bank loan.
7. Paid $1,400 for utilities.
8. Purchased $1,000 of office supplies.
9. Received $8,000 from clients billed earlier.
10. Paid $600 for advertising.

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