Exercise 4-4A Recording inventory transactions in the general journal and posting entries to T-accounts: Perpetual system LO 4-1 Milo Clothing experienced the following events during Year 1, its first year of operation OS 1. Acquired $19,500 cash from the issue of common stock. 2. Purchased inventory for $5,700 cash. 3. Sold inventory costing $3,420 for $5,814 cash 4. Paid $650 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. Required A Required B Required Record the general journal entries for the preceding transactions. (If no entry is required for a transaction/eventselect "No journal entry required" in the first account field.) View transaction list