1. & 3. Enter the beginning balances as of January 1, 2021 and post the entries to T-accounts

The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31,2020 . The following transactions occurred during January 2021: Jan. 1 sold merchandise for cash, $3,900. The cost of the merchandise was $2,400. The company uses the perpetual inventory system. 2 Purchased equipment on account for $5,900 from the Strong Company. 4 Received a $200 invoice from the local newspaper requesting payment for an advertisement that whitlow placed in the paper on January 2 . 8 Sold merchandise on account for $5,400. The cost of the merchandise was $3,200. 10 Purchased merchandise on account for $9,700. 13 Purchased equipment for cash, $900. 16 Paid the entire amount due to the Strong Company. 18 Received $4,800 from customers on account. 20 Paid $900 to the owner of the building for January's rent. 30 Paid employees $3,400 for salaries for the month of January. 31 Paid a cash dividend of $900 to shareholders. Required: 2. Prepare general journal entries to record each transaction. (If no entry is required for a transaction/event, select "No journal entry equired" in the first account field.)