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Innovative Tech Solutions Ltd. started operations on January 1, 20X1. Record the following transactions in the general journal. Transactions: Issued 36,000 shares of common stock

"Innovative Tech Solutions Ltd." started operations on January 1, 20X1. Record the following transactions in the general journal.

Transactions:

  1. Issued 36,000 shares of common stock at $235 per share, receiving cash.
  2. Purchased technology equipment and supplies worth $225,000 on credit from "Tech Supplies Co."
  3. Sold technology solutions for $440,000 in cash.
  4. Paid $320,000 to "Tech Supplies Co." for the equipment and supplies purchased.
  5. Acquired servers and workstations worth $385,000 in cash.
  6. Disbursed wages totaling $205,000.
  7. Provided services worth $400,000 on credit to "Tech Retailers."
  8. Received $380,000 from "Tech Retailers" for the services provided on credit.
  9. Remitted rent totaling $175,000.
  10. Received a utility bill amounting to $88,000.

Requirement:

Journalize all these transactions into a general journal entry.

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