Tesla Inc.

Transactions for the month of June 2024:

1. Borrowed $200,000 from the bank.
2. Purchased machinery for $50,000 cash.
3. Paid $7,000 for office supplies.
4. Sold inventory costing $25,000 for $60,000 on credit.
5. Paid $8,000 for utilities.
6. Received $50,000 from customers on account.
7. Paid $20,000 for advertising.
8. Paid $18,000 in salaries.

Required:

1. Record the transactions in the General Journal.
2. Post the transactions to the Ledger Accounts.
3. Prepare the Adjusted Trial Balance as at 30 June 2024.