0Milo Clothing experienced the following events during Year 1, its first year of operation:

Acquired $18,500 cash from the issue of common stock.

Purchased inventory for $5,700 cash.

Sold inventory costing $3,420 for $5,814 cash.

Paid $800 for advertising expense.

Required a. Record the general journal entries for the preceding transactions. Record the general journal entries for the preceding transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) b. Post each of the entries to T-accounts.(Post each of the entries to T-accounts)

c. Prepare a trial balance to prove the equality of debits and credits.(Prepare a trial balance to prove the equality of debits and credits.)