GreenEarth Solutions

Transaction	Description	Amount
1	Issued common stock	$300,000
2	Bought eco-friendly materials on credit	$80,000
3	Paid for advertising	$15,000
4	Sold products on account	$150,000
5	Paid wages	$60,000
6	Collected receivables	$130,000
7	Paid for office supplies	$10,000

Requirement: Record transactions, post to the ledger, and prepare an income statement.