Halogen Laminated Products Company began business on January 1, 2024. During January, the following transactions occurred: January 1 Issued common stock in exchange for $101,000 cash. January 2 Purchased inventory on account for $36,000 (the perpetual inventory system is used). January 4 Paid an insurance company $2,520 for a one-year insurance policy. Prepaid insurance was debited for the entire amount. January 10 Sold inventory on account for $12,100. The cost of the inventory was $7,100. January 15 Borrowed $31,000 from a local bank and signed a note. Principal and interest at 10% is to be repaid in six months. January 20 Paid employees $6,100 salaries for the first half of the month. January 22 Sold inventory for $10,100 cash. The cost of the inventory was $6,100. January 24 Paid $15,100 to suppliers for the inventory purchased on January 2. January 26 Collected $6,050 on account from customers. January 28 Paid $1,100 to the local utility company for January gas and electricity. January 30 Paid $4,100 rent for the building. $2,050 was for January rent, and $2,050 for February rent. Prepaid rent and rent expense were debited for their appropriate amounts. No Date 1 January 01, 2024 Cash Common stock 2 January 02, 2024 Inventory Accounts payable 3 January 04, 2024 Prepaid insurance Cash General Journal Debit Credit 101,000 101,000 36,000 36,000 2,520 2,520 4 January 10, 2024 Accounts receivable 12,100 Sales revenue 12,100 5 January 10, 2024 Cost of goods sold 7,100 Inventory 7,100 6 January 15, 2024 Cash Notes payable 31,000 31,000 7 January 20, 2024 Salaries expense Cash 6,100 6,100 8 January 22, 2024 Cash Sales revenue 9 January 22, 2024 Cost of goods sold Inventory 10,100 10,100 6,100 6,100 10 January 24, 2024 Accounts payable Cash 15,100 15,100 11 January 26, 2024 Cash 6,050 Accounts receivable 6,050 12 January 28, 2024 Utilities expense Cash 1,100 1,100 13 January 30, 2024 Rent expense 2,050 Prepaid rent 2,050 Cash 4,100 Beginning balance Cash Accounts Receivable Beginning balance Ending balance Ending balance Inventory Prepaid Insurance Beginning balance Beginning balance Ending balance Ending balance Prepaid Rent Accounts Payable Beginning balance Beginning balance Ending balance Ending balance Notes Payable Common Stock Beginning balance Beginning balance Ending balance Ending balance Sales Revenue Beginning balance Beginning balance Cost of Goods Sold Ending balance Ending balance Salaries Expense Rent Expense Beginning balance Beginning balance Ending balance Ending balance Utilities Expense Beginning balance Ending balance HALOGEN LAMINATED PRODUCTS COMPANY Unadjusted Trial Balance January 30, 2024 Account Title Debits Credits Totals $ 0 $ 0