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Halogen Laminated Products Company began business on January 1, 2021. During January, the following transactions occurred: Jan. 1 Issued comon stock in exchange for $102,000

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Halogen Laminated Products Company began business on January 1, 2021. During January, the following transactions occurred: Jan. 1 Issued comon stock in exchange for $102,000 cash, 2 Purchased Inventory on account for $37,000 (the perpetual Inventory system is used). A Paid an insurance company 52,640 for a one-year insurance policy. Prepaid insurance was debited for the entire amount. 10 Sold merchandise on account for $12,200. The cost of the merchandise was 57,200 15 Borrowed $32,000 from local bank and signed a notePrincipal and interest at 10% is to be repaid in six months. 20 Paid employees 56,200 salaries for the first half of the month 22 Sold merchandise for $10,200 cash. The cost of the merchandise was $0,200. 24 Paid $15,200 to suppliers for the merchandise purchased on January 2 26 Collected 56,100 on account from customers. 28 Paid $1,200 to the local utility company for January as and wlectricity. so Pald $4,200 rent for the bullaine 32,100 w for Sawary went, and $2,100 for February rent. Prepaid rent and rent expense were debited for their appropriate amount 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Past the transactions into the appropriate T-accounts. (Enter the date of the transaction in the column next to the amount.) Cash Accounts Receivable Bog bal Bog tal

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