Crystal Waters Bottling
1.Issued $500,000 in bonds payable.
2.Purchased bottling equipment for $200,000.
3.Paid $15,000 for insurance.
4.Sold bottled water worth $70,000 (cost $30,000) on credit.
5.Paid $50,000 in wages.
6.Received $60,000 from customers.
7.Paid $10,000 for repairs.
Requirement: Record transactions, prepare the general ledger, and create a cash flow statement.