SkyLine Travels
1.Issued $500,000 in bonds payable.
2.Purchased tour buses for $300,000.
3.Paid $20,000 for insurance.
4.Sold travel packages worth $100,000 (cost $40,000) on credit.
5.Paid $50,000 in wages.
6.Received $70,000 from customers.
7.Paid $8,000 for bus maintenance.
Requirement: Record transactions, prepare the general ledger, and create a cash flow statement.