Company Name: Theta Real Estate

1. Issued common stock for $95,000.
2. Purchased a property for $70,000 cash.
3. Paid $3,500 for office rent.
4. Billed clients $22,000 for real estate services.
5. Paid $1,800 for utilities.
6. Received $18,000 from clients billed earlier.
7. Purchased office supplies for $1,300 on account.
8. Paid salaries of $5,500.
9. Paid $900 for advertising.
10. Borrowed $12,000 from a local bank.

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