1

Issued common stock in exchange for $112,000 cash.

2

Purchased inventory on account for $33,000 (the perpetual inventory system is used).

3

Paid an insurance company $2,160 for a one-year insurance policy. Prepaid insurance was debited for the entire amount.

4

Sold inventory on account for $11,800. Record the sale.

5

Sold inventory on account. The cost of the inventory was $6,800. Record the cost of the sale.

6

Borrowed $28,000 from a local bank and signed a note. Principal and interest at 10% is to be repaid in six months.

7

Paid employees $5,800 salaries for the first half of the month.

8

Sold inventory for $9,800 cash. Record the sale.

9

Sold inventory for $9,800 cash. The cost of the inventory was $5,800. Record the cost of the sale.

10

Paid $14,800 to suppliers for the inventory purchased on January 2.

11

Collected $5,900 on account from customers.

12

Paid $1,000 to the local utility company for January gas and electricity.

13

Paid $3,800 rent for the building. $1,900 was for January rent, and $1,900 for February rent. Prepaid rent and rent expense were debited for their appropriate amounts.

\begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ HALOGEN LAMINATED PRODUCTS COMPANY } \\ \hline \multicolumn{2}{|c|}{ Unadjusted Trial Balance } \\ \hline Account Title & \multicolumn{1}{|c|}{ Debits } & \multicolumn{1}{c|}{ Credits } \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}