Milo Clothing experienced the following events during Year $1,$ its first year of operation:

Acquired $$11,000$ cash from the issue of common stock.

Purchased inventory for $$6,600$ cash.

Sold inventory costing $$3,960$ for $$6,732$ cash.

Paid $$900$ for advertising expense.

Required

a$.$ Record the general journal entries for the preceding transactions.

b$.$ Post each of the entries to T$-$accounts.

c$.$ Prepare a trial balance to prove the equality of debits and credits.

Complete this question by entering your answers in the tabs below.

Required C

Record the general journal entries for the preceding transactions. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Journal entry worksheet