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Halogen Laminated Products Company began business on January 1 , 2 0 2 4 . During January, the following transactions occurred: January 1 Issued common
Halogen Laminated Products Company began business on January During January, the following transactions occurred:
January Issued common stock in exchange for $ cash.
January Purchased inventory on account for $the perpetual inventory system is used
January Paid an insurance company $ for a oneyear insurance policy. Prepaid insurance was debited for the entire amount.
January Sold inventory on account for $ The cost of the inventory was $
January Borrowed $ from a local bank and signed a note. Principal and interest at is to be repaid in six months.
January Paid employees $ salaries for the first half of the month.
January Sold inventory for $ cash. The cost of the inventory was $
January Paid $ to suppliers for the inventory purchased on January
January Collected $ on account from customers.
January Paid $ to the local utility company for January gas and electricity.
January Paid $ rent for the building. $ was for January rent, and $ for February rent. Prepaid rent and rent expense were debited for their appropriate amounts.
Required:
Prepare general journal entries to record each transaction.
Post the transactions to the appropriate Taccounts.
Prepare an unadjusted trial balance as of January
Pleaese help me with Required Required and Required Please make it easy to understand. Thank you.
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