Google LLC

Transactions for the month of March 2024:

1. Issued $20,000 worth of common stock.
2. Purchased inventory on credit for $10,000.
3. Paid $5,000 for rent.
4. Sold goods costing $12,000 for $30,000 on credit.
5. Paid $7,000 in salaries.
6. Paid $2,000 for utilities.
7. Collected $25,000 from customers on account.
8. Paid $8,000 for advertising.

Required:

1. Prepare the journal entries for the above transactions.
2. Post the journal entries to the Ledger Accounts.
3. Prepare the Trial Balance as at 31 March 2024.