Halogen Laminated Products Company began business on January 1, 2021. During January, the following transactions occurred:

Jan.		1		Issued common stock in exchange for $107,000 cash.
		2		Purchased inventory on account for $42,000 (the perpetual inventory system is used).
		4		Paid an insurance company $3,240 for a one-year insurance policy. Prepaid insurance was debited for the entire amount.
		10		Sold merchandise on account for $12,700. The cost of the merchandise was $7,700.
		15		Borrowed $37,000 from a local bank and signed a note. Principal and interest at 10% is to be repaid in six months.
		20		Paid employees $6,700 salaries for the first half of the month.
		22		Sold merchandise for $10,700 cash. The cost of the merchandise was $6,700.
		24		Paid $15,700 to suppliers for the merchandise purchased on January 2.
		26		Collected $6,350 on account from customers.
		28		Paid $1,100 to the local utility company for January gas and electricity.
		30		Paid $4,700 rent for the building. $2,350 was for January rent, and $2,350 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.

Wages expense Rent expense Beg. bal. Beg., bal. End. bal. End. bal. Utilities expense Beg bal. End bal 3. Prepare in good form a trial balance from the ending account balances. The items in the Trial Balance should be grouped as follows: Assets, Liabilities, Equity, Revenue, and Expenses.) HALOGEN LAMINATED PRODUCTS COMPANY Unadjusted trial balance as of January 30, 2013 Account Title Debits Credits Totals Wages expense Rent expense Beg. bal. Beg., bal. End. bal. End. bal. Utilities expense Beg bal. End bal 3. Prepare in good form a trial balance from the ending account balances. The items in the Trial Balance should be grouped as follows: Assets, Liabilities, Equity, Revenue, and Expenses.) HALOGEN LAMINATED PRODUCTS COMPANY Unadjusted trial balance as of January 30, 2013 Account Title Debits Credits Totals