Jan. 1 Issued ordinary shares in exchange for $100,000 cash. 2 Purchased inventory on account for $35,000 4 Paid an insurance company $2,400 for a one-year insurance policy. 10 Sold merchandise on account for $12,000. The cost of the merchandise was $7,000. 15 Borrowed $30,000 from a local bank and signed a note. Principal and interest at 10% is to be repaid in six months Paid employees $6,000 wages for the first half of the month. Sold merchandise for $10,000 cash. The cost of the merchandise was $6,000. Paid $15,000 to suppliers for the merchandise purchased on January 2. 26 Collected $6,000 on account from customers. 28 Paid $1,000 to the local utility company for January's gas and electricity. 30 Pald $4,000 rent for the building. $2,000 was for January's rent, and $2,000 for February's rent. Required: 1. Prepare general journal entries to record each transaction. Omit explanations. 2. Post the entries to T-accounts. 3. Prepare an unadjusted trial balance as of January 30, 2013. 20 22 24