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Milo Clothing experienced the following events during Year 1, its first year of operation: 1. Acquired $18,000 cash from the issue of common stock. 2. Purchased inventory for $5,300 cash. 3. Sold inventory costing $3,180 for $5,406 cash. 4. Paid $900 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. Complete this question by entering your answers in the tabs below. 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.) Journal entry worksheet E Record entry for issuance of common stock. Note: Enter debits before credits. Milo Clothing experienced the following events during Year 1, its first year of operation: 1. Acquired $18,000 cash from the issue of common stock. 2. Purchased inventory for $5,300 cash. 3. Sold inventory costing $3,180 for $5,406 cash. 4. Paid $900 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. Complete this question by entering your answers in the tabs below. Post each of the entries to T-accounts. Milo Clothing experienced the following events during Year 1, its first year of operation: 1. Acquired $18,000 cash from the issue of common stock. 2. Purchased inventory for $5,300 cash. 3. Sold inventory costing $3,180 for $5,406 cash. 4. Paid $900 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. Complete this question by entering your answers in the tabs below. Prepare a trial balance to prove the equality of debits and credits