Record the following transactions for Microsoft Corporation for the month of April 2025 and make necessary adjustments:

• Apr 1: Received $500,000 in cash from the issuance of bonds payable.
• Apr 5: Purchased equipment worth $250,000 on credit.
• Apr 10: Sold merchandise for $200,000 in cash.
• Apr 15: Paid $40,000 in cash for operating expenses.
• Apr 20: Received $100,000 in cash from customers on account.
• Apr 25: Paid $80,000 in cash for salaries.
• Apr 30: Collected $120,000 in cash from customers for services provided.

Adjust for the following:

• Accrued salaries expense: $10,000
• Prepaid insurance expired during the month: $5,000
• Depreciation expense for the month: $20,000