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: 1. Acquired $10.000 cash from the issue of common stock. 2. Purchased Inventory for $5,100 cash. 3. Sold Inventory costing $3,060 for $5,202 cash. 4. Pald $950 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/event, select "No joumal entry required in the first account field.) View transaction at Journal entry worksheet Record entry for issuance of common stock. Note: Enter debits before credits. General Journal Debit Credit Event 01 Record entry Clear entry View general Journal Rent A Required B > Complete this question by entering your answers in the tabs below. Required A Required B Required Post each of the entries to T-accounts. Cash Merchandise Inventory Beg Bal Beg Bal. End Bal End Bal. Common Stock Sales Revenue Beg Bal. Beg Bal End Bal End. Bal. Cost of Goods Sold Advertising Expense Beg Bali Bea Bal End Sal Complete this question by entering your answers in the tabs below. Required A Required B Required Prepare a trial balance to prove the equality of debits and credits. MILO CLOTHING Trial Balance December 31, Year 1 Account Titles Debit Credit 0 $ 0