BB The following events occurred during the month of January for McLain Company. Post the entries to the proper T-accounts. Then prepare a trial balance for the month of January 1 McLain purchases 225 units of inventory at $8 per unit for a total of $1,800 on account. 2 McLain sells 200 units of inventory for $20 each in cash. 3 McLain collects $100 in cash on its accounts receivable. 4 McLain take out a loan for $400 5 McLain pays out $350 cash in dividends. 6 McLain receives a contribution of $600 in cash from its owners in exchange for capital stock shares. 7 McLain purchased a new piece of equipment. The new equipment cost $1,000 and was paid for in cash. 8 McLain pays $500 of its accounts payable 9 McLain incurs $500 in salaries expense, but will not pay workers until next week. Debit Credit Cash Ain Analyze Transactions Sheet2 Type here to search o a hp) B c ID F G H 8 McLain pays $500 of its accounts payable 9 McLain incurs $500 in salaries expense, but will not pay workers until next week. Debit Credit Cash A/R Inventory Equipment A/P N/P Salary Payable Common Stock Retained Earnings Revenue Cost of Goods Sold Salary Expense Dividends Analyze Transactions Sheet2 Type here to search > M N 0 P R S T U V w Y Z M AB AC AD AE AF AG AH Al Cash + A/R 200 Inventory 150 Equipment 2,000 BB 500 83 BB 38 0 1 2 3 1 5 6 500 200 150 2,000 A/P N/P Salary Payable CS RE 600 7 8 9 0 1 2 3 4 BB 1,500 BB 750 600 1,500 750 6 7 8 Analyze Transactions COCE Sheet2 Type here to search hp Revenue COGS + Salary Expense Dividends BB BB BB BB I Analyze Transactions Sheet2 Type here to search o Chp