Intel Corporation has the following transactions for March 2024:

• Issued common stock for $200,000 cash.
• Purchased machinery for $60,000 cash.
• Paid $15,000 for March rent.
• Sold products for $120,000, with a cost of $70,000.
• Paid $10,000 for utilities.

Required:

1. Record these transactions in the general ledger.
2. Prepare the trial balance as of March 31, 2024.
3. Discuss the importance of maintaining accurate ledger entries in financial accounting.