TechGuard Security
1.Issued $250,000 in bonds payable.
2.Purchased security equipment for $100,000.
3.Paid $12,000 for insurance.
4.Provided security services worth $90,000 (cost $50,000) on credit.
5.Paid $40,000 in salaries.
6.Received $70,000 from clients.
7.Paid $8,000 for maintenance.
Requirement: Record transactions, prepare the general ledger, and create a cash flow statement.