Halogen Laminated Products Company began business on January 1, 2021. During January, the following transactions occurred: Jan. 1 Issued common stock in exchange for $111,000 cash. 2 4 10 15 Purchased inventory on account for $34,000 (the perpetual inventory system is used). Paid an insurance company $2,280 for a one-year insurance policy. Prepaid insurance was debited for the entire amount. Sold merchandise on account for $11,900. The cost of the merchandise was $6,900. Borrowed $29,000 from a local bank and signed a note. Principal and interest at 10% is to be repaid in six months. 20 Paid employees $5,900 salaries for the first half of the month. Sold merchandise for $9,900 cash. The cost of the merchandise was $5,900. 22 24 Paid $14,900 to suppliers for the merchandise purchased on January. 2. 26 Collected $5,950 on account from customers. 28 Paid $1,200 to the local utility company for January gas and electricity. 30 Paid $3,900 rent for the building. $1,950 was for January rent, and $1,950 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.