Company Name: Xi Engineering

1. Received $65,000 from issuing common stock.
2. Purchased $25,000 of equipment.
3. Paid $5,000 for rent.
4. Billed $7,000 to customers.
5. Paid $2,500 in salaries.
6. Received $10,000 from a bank loan.
7. Paid $1,200 for utilities.
8. Purchased $800 of office supplies.
9. Received $6,000 from customers billed earlier.
10. Paid $700 for advertising.

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