Complete an Unadjusted Trial Balance based on the following information

1. Opened business with an initial deposit of $500,000 received from the sale of common stock.

2. Management signed a $100,000 three-year promissory note to Big Bank (8% rate to be paid January 1st of each year the note is outstanding).

3. Paid $2,000 to Fun Copy for creation of company logo. 4.

Purchased $50,000 of equipment. Issued two-year promissory note for $25,000 (10% paid Dec. 31st of each year) and paid remainder in cash. 5.

Purchased on account $30,000 office supplies.

6. Purchased on account $75,000 inventory from Good Wholesalers.

7. Paid $25,000 to settle various accounts payable.

8. Sold $100,000 in merchandise (cash and carry).

9. Sold $70,000 in merchandise on account.

10. Received cheque in amount of $30,000 from Bombay Co. for services to be rendered over the next 5-6 months.

11. Paid $7,000 in wages to staff.

12. Jan. 1st, paid $12,000 in advance for rent over the next twelve-months ($1,000 per month).

13. Received $10,000 bill for advertising campaign, due and payable February 28th.

14. Paid $1,500 cash for utilities.

15. Jan. 1st, paid $12,000 cash for a twenty-four-month fire, theft and business interruption insurance contract. Prior to competing the month-end adjusting entries, management has asked you to create the