Happy Pets Clinic began with these transactions:
1.Issued $100,000 in common stock.
2.Purchased medical equipment for $30,000 on credit.
3.Paid $2,000 for office rent.
4.Provided veterinary services worth $25,000 (cost $10,000) on account.
5.Paid $7,000 in salaries.
6.Received $20,000 from clients.
7.Paid $1,000 for office supplies.
Requirement: Record each transaction and prepare a trial balance.