SunnySide Resorts

Transaction	Description	Amount
1	Issued common stock	$400,000
2	Bought land for resort development	$200,000
3	Paid for promotional activities	$15,000
4	Sold vacation packages on account	$150,000
5	Paid wages	$40,000
6	Collected receivables	$120,000
7	Paid for utilities	$10,000

Requirement: Record transactions, post to the ledger, and prepare a balance sheet.