You are employed as an accountant at Microsoft Corporation. Below are the transactions for the month of February 2024:

• Feb 1: Received $100,000 in cash as advance payment from a client for services to be rendered.
• Feb 5: Purchased computer software for $20,000 in cash.
• Feb 10: Issued common stock for $300,000 in cash.
• Feb 15: Paid $50,000 in cash for advertising expenses.
• Feb 20: Received a utility bill of $15,000 for the month, payable next month.
• Feb 25: Collected $80,000 in cash from customers for services provided.
• Feb 28: Paid rent expense of $25,000 in cash for the month.

Prepare the general ledger accounts for these transactions.