Halogen Laminated Products Company began business on January 1, 2013. During January, the following transactions occurred:

Jan. 1	Issued common stock in exchange for $108,000 cash.
2	Purchased inventory on account for $43,000 (the perpetual inventory system is used).
4	Paid an insurance company $3,360 for a one-year insurance policy.
10	Sold merchandise on account for $12,800. The cost of the merchandise was $7,800.
15	Borrowed $38,000 from a local bank and signed a note. Principal and interest at 10% is to be repaid in six months.
20	Paid employees $6,800 wages for the first half of the month.
22	Sold merchandise for $10,800 cash. The cost of the merchandise was $6,800.
24	Paid $15,800 to suppliers for the merchandise purchased on January 2.
26	Collected $6,400 on account from customers.
28	Paid $1,200 to the local utility company for January gas and electricity.
30	Paid $4,800 rent for the building. $2,400 was for January rent, and $2,400 for February rent.

1 )Prepare general journal entries to record each transaction. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.)

2) Post the entries to T-accounts.

3) Prepare in good form a trial balance from the ending account balances.