Company Name: Pi Retail

1. Received $75,000 from issuing common stock.
2. Purchased $30,000 of inventory.
3. Paid $3,000 for rent.
4. Billed $10,000 to customers.
5. Paid $2,800 in salaries.
6. Received $20,000 from a bank loan.
7. Paid $1,300 for utilities.
8. Purchased $900 of office supplies.
9. Received $7,000 from customers billed earlier.
10. Paid $500 for advertising.

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