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.

Post the transactions into the appropriate T-accounts. (Enter the date of the transaction in the column next to the amount.)

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