Microsoft Corporation has the following transactions for January 2024:
•Issued common stock for $50,000 cash.
•Purchased equipment for $25,000 cash.
•Paid $5,000 for January rent.
•Sold merchandise for $20,000, with a cost of $12,000.
•Paid $2,000 for utilities.
Required:
1.Record these transactions in the general ledger.
2.Prepare the trial balance as of January 31, 2024.