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Halogen Laminated Products Company began business on January 1, 2024. During January, the following transactions occurred: January 1 Issued common stock in exchange for $107,660

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Halogen Laminated Products Company began business on January 1, 2024. During January, the following transactions occurred: January 1 Issued common stock in exchange for $107,660 cash. January 2 Purchased inventory on account for $42,000 (the perpetual inventory system is used). January 4 Paid an insurance company $3,240 for a one-year insurance policy. Prepaid insurance was debited for the entire anou January 10 sold inventory on account for $12,7. The cost of the inventory was $7,780. January 15 Borrowed $37,600 from a local bank and signed a note. Principal and interest at 10K is to be repaid in six months. January 20 Paid enployees $6,7e8 salaries for the first half of the month. January 22 Sold inventory for $18,700 cash. The cost of the inventory was $6,700. January 24 Paid $15,7 ee to suppliers for the inventory purchased on January 2. January 26 collected $6,350 on account from customers. January 28 Paid $1,160 to the local utility company for January gas and electricity. January 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 to the appropriate T-accounts: 3. Prepare an unadjusted trial balance as of January 30,2024. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare general journal entries to record each transaction. Note: If no entry is required for a transactian/event, select "No joumal entry required" in the first account field. Prepare general journal entries to record each transaction. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Dect the trancactions to the apDropriate T-accounts. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Notes Payable } \\ \hline Beginningbalance & & & \\ \hline & & 37,000 & 1/15 \\ \hline & & & \\ \hline & & 37,000 & \\ \hline Ending balance & & \\ \hline & Sales Revenue \\ \hline \begin{tabular}{l|l|l|l|} \hline Beginning \\ balance. \end{tabular} & & 12,700 & 1/10 \\ \hline & & 10,700 & 1/22 \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Prepare an unadjusted trial balance as of January 30, 2024

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