SolarTech Innovations performed the following transactions:
1.Issued $300,000 in common stock.
2.Purchased solar panels for $100,000 on credit.
3.Paid $10,000 for marketing.
4.Sold solar solutions worth $120,000 (cost $50,000) on account.
5.Paid $70,000 in wages.
6.Received $90,000 from clients.
7.Paid $8,000 for office supplies.
Requirement: Prepare journal entries and create a trial balance.