Halogen Laminated Products Company began business on January 1, 2021. During January, the following transactions occurred. Jan. 1 Issued common stock in exchange for $100,eee cash. 2 Purchased inventory on account for $35,000 (the perpetual inventory system is used) Pald an insurance company $2,400 for a one-year Insurance policy. Prepaid insurance was debited for the entire amount. 10 Sold merchandise on account for $12,000. The cost of the merchandise was $7.000. 15 Borrowed $30,000 from a local bank and signed a note. Principal and interest at 10% is to be repaid in six months. 20 Paid employees 56,000 salaries for the first half of the month. 22 Sold merchandise for $10,000 cash. The cost of the merchandise was $6,000. 24 Paid $15,000 to suppliers for the merchandise purchased on January 2. 26 Collected $6.00 on account from customers. 28 Paid $1,000 to the local utility company for January fas and electricity. 30 Paid $4,000 rent for the building. $2,000 was for January rent, and $2,000 for February rent. Prepaid rent and rent expense were debited for their appropriate amounts. Required: 1. Prepare general journal entries to record each transaction. 2. Post the transactions into the appropriate T-accounts 3. Prepare an unadjusted trial balance as of January 30, 2021 Journal entry worksheet 2 3 4 13 5 6 CO 7 Issued common stock in exchange for $100,000 cash. Note: Enter debits before credits. General Journal Debit Credit Date Jan 01, 2021 Record entry Clear entry View general journal Required 1 Required 2 Required 3 Prepare an unadjusted trial balance as of January 30, 2021. HALOGEN LAMINATED PRODUCTS COMPANY Unadjusted Trial Balance January 30, 2021 Account Title Debits Credits