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 Paid an insurance company $1,680 for a one-year insurance policy. Prepaid insurance was debited for the entire amount. 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 months. January 20 Paid employees $5,400 salaries for the first half of the month. January 22 Sold inventory for $9,400cash. The cost of the inventory was $5,400. January 24 Paid $14,400 to suppliers for the inventory purchased on January 2 . January 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. 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