Nike, Inc. has the following transactions for the month of June 2024:

• Sold merchandise for $12,000,000, receiving $8,000,000 in cash and the remainder on account.
• Purchased inventory worth $5,000,000 on credit.
• Paid $1,500,000 in cash for salaries.
• Received $2,500,000 in cash from customers on account.
• Issued common stock for $6,000,000 in cash.

Prepare the general journal entries and create the trial balance as of June 30, 2024.