1. Acquired $12,000 cash from the issue of common stock. 2. Purchased inventory for $6,500 cash. 3. Sold inventory costing $3,900 for $6,630 cash. 4. Paid $1,000 for advertising expense. Required a. Record the general journal entries for the preceding transactions. b. Post each of the entries to T-accounts. c. Prepare a trial balance to prove the equality of debits and credits. Note: Enter debits before credits. Event General Journal Debit Credit 1. Record sale of inventory for cash. Note: Enter debits before credits. Debit General Journal Event Credit . View general joumal Record entry Clear entry Journal entry worksheet . B D E Record entry for cost of goods sold. Note: Enter debits before credits. General Journal Debit Credit Event 3b. Record entry Clear entry View general journal Journal entry worksheet