Exercise 4-4A (Algo) Recording inventory transactions in the general journal and posting entries to Taccounts: Perpetual system LO 4-1 Milo Clothing experienced the following events during Year 1, its first year of operation: 1. Acquired $10,500 cash from the issue of common stock. 2. Purchased inventory for $6,200 cash. 3. Sold inventory costing $3,720 for $6,324 cash. 4. Paid $1,000 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