Pfizer Inc. :

Transaction Description	Amount ($)
Initial Capital Investment by Owners	150,000
Purchase of Equipment (paid in cash)	25,000
Sales Revenue (60% on credit)	80,000
Payment of Rent	12,000
Purchase of Inventory on Credit	40,000
Payment to Suppliers	30,000
Collection from Credit Customers	40,000
Salaries and Wages Paid	20,000
Interest Expense	1,500
Depreciation on Equipment	2,000

Requirements:

1. Journalize the transactions for Pfizer Inc.
2. Post the transactions to the general ledger.
3. Prepare a trial balance as of the end of the period.
4. Prepare an income statement and balance sheet for the period.