TechSavvy Innovations

Transaction	Description	Amount
1	Issued common stock	$200,000
2	Purchased office equipment on credit	$50,000
3	Paid rent	$12,000
4	Sold software worth $80,000 (cost $30,000) on account	$80,000
5	Paid employee wages	$35,000
6	Collected receivables	$60,000
7	Paid for marketing	$10,000

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