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 amount. January 10 Sold inventory on account for $12,700. The cost of the inventory was $7,700. January 15 Borrowed $37,000 from a local bank and signed a note. Principal and interest at 10% is to be repaid in six months. January 20 Paid employees $6,700 salaries for the first half of the month. January 22 Sold inventory for $10,700 cash. The cost of the inventory was $6,700. January 24 Paid $15,700 to suppliers for the inventory purchased on January 2. January 26 Collected $6,350 on account from customers. January 28 Paid $1,100 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.