PepsiCo Inc. 

Account	Debit ($)	Credit ($)
Cash	80,000
Accounts Receivable	55,000
Inventory	110,000
Equipment	270,000
Accumulated Depreciation		60,000
Accounts Payable		80,000
Bank Loan		70,000
Capital		305,000
Total	515,000	515,000

Transactions for April 2024:

1. Purchased inventory for $70,000 on account.
2. Paid $35,000 towards accounts payable.
3. Sold inventory for $150,000 (cost of goods sold: $85,000).
4. Collected $65,000 from accounts receivable.
5. Paid $50,000 in operating expenses.
6. Paid $20,000 towards the bank loan.
7. Recorded depreciation expense of $9,000.

Requirements:

1. Journalize the transactions.
2. Post the entries to the ledger accounts.
3. Prepare an adjusted trial balance.

Create an income statement and a balance sheet for April 30, 2024.