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Company Name: Rho Logistics Issued common stock for $100,000. Purchased $40,000 of trucks. Paid $4,500 for rent. Billed $15,000 to customers. Paid $3,800 in salaries.

Company Name: Rho Logistics

  1. Issued common stock for $100,000.
  2. Purchased $40,000 of trucks.
  3. Paid $4,500 for rent.
  4. Billed $15,000 to customers.
  5. Paid $3,800 in salaries.
  6. Received $25,000 from a bank loan.
  7. Paid $1,700 for fuel.
  8. Purchased $1,100 of spare parts.
  9. Received $9,000 from customers billed earlier.
  10. Paid $600 for advertising.

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

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