Radiant Cosmetics
1.Issued $200,000 in common stock.
2.Bought $60,000 worth of inventory on credit.
3.Paid $15,000 for marketing expenses.
4.Sold products costing $30,000 for $70,000 cash.
5.Paid $20,000 in salaries.
6.Received $35,000 from customers on account.
7.Paid $5,000 for office maintenance.
Requirement: Prepare the journal entries and the balance sheet.