ExxonMobil Corporation

Transactions for the month of October 2027:

1. Borrowed $180,000 from the bank.
2. Purchased machinery for $40,000 cash.
3. Paid $5,000 for office supplies.
4. Sold inventory costing $22,000 for $50,000 on credit.
5. Paid $6,000 for utilities.
6. Received $35,000 from customers on account.
7. Paid $18,000 for advertising.
8. Paid $15,000 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 October 2027.