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CrystalClear Pools Transaction Description Amount 1 Issued common stock $150,000 2 Bought pool supplies on credit $30,000 3 Paid for warehouse rent $5,000 4 Provided

CrystalClear Pools

Transaction

Description

Amount

1

Issued common stock

$150,000

2

Bought pool supplies on credit

$30,000

3

Paid for warehouse rent

$5,000

4

Provided pool cleaning services on account

$40,000

5

Paid wages

$20,000

6

Received cash from customers

$35,000

7

Paid for office supplies

$2,000

Requirement: Record transactions, post to the ledger, and prepare an income statement.

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