1. Procter & Gamble Co. issues bonds worth $70,000,000.
2. Procter & Gamble Co. purchases raw materials on credit for $8,500,000.
3. Procter & Gamble Co. sells consumer goods for $30,000,000 in cash.
4. Procter & Gamble Co. pays $4,000,000 for manufacturing expenses.
5. Procter & Gamble Co. pays $3,500,000 in wages.
6. Procter & Gamble Co. receives $2,000,000 in cash for services rendered.
7. Procter & Gamble Co. buys manufacturing equipment for $6,500,000 cash.
8. Procter & Gamble Co. incurs $1,500,000 in advertising expenses.
9. Procter & Gamble Co. declares and pays dividends of $3,500,000.
10. Procter & Gamble Co. records $1,500,000 in depreciation expense.

1. Record those transactions in a journal.
2. Prepare a trial balance.
3. Prepare an income statement for the year ended.
4. Prepare a balance sheet for the year ended.