ExxonMobil Corporation

Transactions for the month of August 2025:

1. Borrowed $120,000 from the bank.
2. Purchased office equipment for $35,000 cash.
3. Paid $6,000 for office supplies.
4. Sold inventory costing $20,000 for $55,000 on credit.
5. Paid $5,000 for utilities.
6. Received $45,000 from customers on account.
7. Paid $12,000 for advertising.
8. Paid $14,000 in salaries.

Required:

1. Record the transactions in the General Journal.
2. Post the transactions to the Ledger Accounts.
3. Prepare the Adjusted Trial Balance as at 31 August 2025.