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General Electric Company Transactions for the month of February 2025: Borrowed $100,000 from the bank. Purchased equipment for $30,000 cash. Paid $12,000 for advertising. Sold

General Electric Company

Transactions for the month of February 2025:

  1. Borrowed $100,000 from the bank.
  2. Purchased equipment for $30,000 cash.
  3. Paid $12,000 for advertising.
  4. Sold inventory costing $18,000 for $40,000 on credit.
  5. Paid $9,000 for insurance.
  6. Received $30,000 from customers on account.
  7. Paid $15,000 in salaries.
  8. Paid $10,000 for office supplies.

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 28 February 2025.

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