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Company Name: Upsilon Education Received $110,000 from issuing common stock. Purchased $45,000 of educational equipment. Paid $4,500 for rent. Billed $22,000 to students. Paid $4,500

Company Name: Upsilon Education

  1. Received $110,000 from issuing common stock.
  2. Purchased $45,000 of educational equipment.
  3. Paid $4,500 for rent.
  4. Billed $22,000 to students.
  5. Paid $4,500 in wages.
  6. Received $15,000 from a bank loan.
  7. Paid $1,800 for utilities.
  8. Purchased $1,200 of office supplies.
  9. Received $9,000 from students billed earlier.
  10. Paid $700 for advertising.

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

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