ces Milo Clothing experienced the following events during Year 1, its first year of operation: 1. Acquired $15,000 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 $800 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.