Company Name: Phi Legal Services

1. Issued common stock for $100,000.
2. Purchased $50,000 of office equipment.
3. Paid $4,500 for rent.
4. Billed $22,000 to clients.
5. Paid $4,000 in wages.
6. Received $22,000 from a bank loan.
7. Paid $1,800 for utilities.
8. Purchased $1,300 of office supplies.
9. Received $10,000 from clients billed earlier.
10. Paid $800 for advertising.

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