Journalize the following transactions, post to the accounts (some may not be used), and prepare a Trial Balance:
1. You, the owner, invest $150,000 in the business.
2. Company purchases $20,000 of goods for resale, on account
3. The company pays for 6-months of Insurance $2,088
4. Purchased office supplies, $350, pays cash
5. Cash sales totaled $8,750. Cogs was $5,000
6. Sales on account $17,500. Cogs was $10,000
7. Paid half of what was owed from #2
8. Received $13,125 from #6