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can i get some help. this question is due in 7 hours and i cannot figure out it. Halogen Laminated Products Company began business on
can i get some help. this question is due in 7 hours and i cannot figure out it.
Halogen Laminated Products Company began business on January 1, 2024. During January, the following transactions occurred: January 1 Issued conmon stock in exchange for $102,000 cash. January 2 Purchased inventory on account for $37,000 (the perpetual inventory system is used). January 4 Paid an insurance company $2,640 for a one-year insurance policy. Prepaid insurance was debited for the entire amount. January 10 Sold inventory on account for $12,260. The cost of the inventory was $7,200, January 15 Borrowed $32, eee from a local bank and signed a note. Principal and interest at 10% is to be repald in six nonths. 2anuary 20 Paid employees $6,20e salaries for the first half of the month. January 22 sold inventory for $16,200 cash. The cost of the inventory was $6,209. January 24 Pald $15,28 to suppllers for the inventory purchased on january 2. January 26 collected $6,10e on account fros custoners. January 28 Paid $1,260 to the local utility company for January gas and electricity. January 30 Paid $4,200 rent for the building. $2,100 was for January rent, and $2, 100 for February rent. Prepaid rent and rent expense were debited for their approprlate amounts. 2. Post the transactions to the appropriate T-accounts. 3. Prepare an unadjusted trial balance as of January 30,2024. Complete this question by entering your answers in the tabs below. Post the transactions to the appropriate T-accounts. Note: Enter the date of the transaction in the column next to the amount. Beginning balance Prepare an unadjusted trial balance as of January 30,2024 Step by Step Solution
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