CrystalClear Water conducted the following transactions:
1.Issued $100,000 in common stock.
2.Purchased water purification equipment for $40,000 on credit.
3.Paid $3,000 for insurance.
4.Sold purified water worth $50,000 (cost $20,000) on account.
5.Paid $25,000 in wages.
6.Received $35,000 from customers.
7.Paid $2,000 for maintenance.
Requirement: Prepare journal entries and create a trial balance.