Halogen Laminated Products Company began business on January 1, 2024. During January, the following transactions occurred: January 1 Issued common stock in exchange for $116,000 cash. January 2 Purchased inventory on account for $29,000 (the perpetual inventory system is used). January 4 January 10 Sold inventory on account for $11,400. The cost of the inventory was $6,400. January 15 Borrowed $24,000 from a local bank and signed a note. Principal and interest at 10% is to be repaid in six January 20 Paid employees $5,400 salaries for the first half of the month. months. January 22 Sold inventory for $9,400 cash. The cost of the inventory was $5,400. January 24 Paid $14,400 to suppliers for the inventory purchased on January 2. 26 Collected $5,700 on account from customers. January 28 Paid $1,100 to the local utility company for January gas and electricity. January 30 Paid $3,400 rent for the building. $1,700 was for January rent, and $1,700 for February rent. Prepaid rent and rent expense were debited for their appropriate amounts. Paid an insurance company $1,680 for a one-year insurance policy. Prepaid insurance was debited for the entire amount. 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.

Halogen Laminated Products Company began business on January 1, 2024. During January, the following transactions occurred: January 1 Issued comnon stock in exchange for $116,000 cash. January 2 purchased inventory on account for $29,000 (the perpetual inventory systes is used). January 4 poid an insurance company $1,680 for a one-year insurance policy. Prepaid insurance was debitod for the January 10 Sold inventory on account for $11,400. The cost of the Inventory vas 56,400 . January 15 Dorrowed $24,000 from a loeal bank and signed a note. Prineipal and fnterest at 10s is to be repaid in six January 20 pald enployees $5,400 salaries for the first half of the tonth. January 22 sold inventory for 59,400 cash. The cost of the inventory was $5,400. January 24 paid 514,400 to suppliers for the inventory purchased on January 2 . January 26 collected $5,700 on account from eustomern. January 28 paid $1,100 to the local utility eonpany for January gas and electrieity. January 30 paid $3,400 rent for the buliding. $1,700 was tor January rent, and $1,700 tor February rent. Prepoid rent. and rent oxpense vere debited for their appropriate anounts. 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. Halogen Laminated Products Company began business on January 1, 2024. During January, the following transactions occurred: January 1 Issued eomon stock in exchange for $116,000 cash. January 2 purchased inventory on account for $29,000 (the perpetual inventory systes is used). January 4 paid an insurance January 10 sold inventory on account for 511,400 . The cost of the Inventory wan 56,400 . January 15 Borrowed $24,000 from a loeal bank and signed a note. Prineipal and interest at 10s is to be repaid in ix monthe. January 20 pald enployees $5,400 salaries for the first half of the month. January 22 sold inventory for 59,400 eash. The cost of the inventory was 55,400 . January 24 paid 514,400 to suppliers for the inventory purohased on January 2 . January 26 Collected $5,700 on account from customers. January 28 pald $1,100 to the loeal utility eonpany for January gas and electrieity. January 30 paid $3,400 rent for the building. $1,700 was tor January rent, and $1,700 for February rent. Prepaid rent. and ront expense vere 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