Prepare the ledger accounts for the following transactions for January 2025 for Visa Inc.:

• Jan 1: Received $200,000 in cash from the issuance of common stock.
• Jan 5: Purchased office supplies worth $100,000 on credit.
• Jan 10: Paid $50,000 in cash for salaries.
• Jan 15: Sold merchandise for $300,000 in cash.
• Jan 20: Paid $30,000 in cash for office rent.
• Jan 25: Received utility bills totaling $20,000, payable next month.
• Jan 31: Collected $180,000 in cash from customers for services provided.