1 Milo Clothing experienced the following events during Yeart its first year of operation: 1. Acquired $12.500 cash from the issue of common stock 2. Purchased inventory for $6,700 cash. 3. Sold Inventory costing $4,020 for $6,834 cash. 4. Paid $300 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 Answer is not complete. Complete this question by entering your answers in the tabs below. Required a Required B Required 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) No General Journal Credit Event 1 Debit 12.500 A Cash Common stock lo 12,500 B 2 Inventory Cash 6.700 OO 8,700 c 3a 8,834 Cash Inventory 6,834 D 3b. Cash Retained earnings 4,020 olo . 4,020 E 800 Advertising expense Retained earnings 800 Required B > 1 Misceding dugo styrofon A5.500 home of common 2. Purchstory for $5.700 con $100 to $6.ch 800 orang ther the general and for the preceding transactions Poteachers to accounts core balance to prove they of bad credits Answer is not complete Complete this question by entering your answers in the tabs below out the to Se Ette End End. Atter E B G Prey Next > OCT 6 1 Milo Clothing experienced the following events during Year 1 its first year of operation: 25 1. Acquired $12.500 cash from the issue of common stock 2. Purchased Inventory for $6.700 cash 3. Sold Inventory costing $4,020 for $6,834 cash 4. Pald $800 for advertising expense Required Record the general journal entries for the preceding transactions b. Postench of the entries to T-accounts . Prepare a trial balance to prove the equality of debits and credits. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required Prepare a trial balance to prove the equality of debits and credits MILO CLOTHING Trial Balance December 31, Year 1 Account Titles Debit Credit Totals S 0 0