Milo Clothing experienced the following events during Year 1, its first year of operation: 1. Acquired $13,500 cash from the issue of common stock. 2. Purchased inventory for $6,300 cash. 3. Sold inventory costing $3,780 for $6,426 cash. 4. Paid $700 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. Required A Required B 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.) View transaction list Journal entry worksheet < A B C DE Record entry for issuance of common stock. Note: Enter debits before credits. Event 1. General Journal Debit Credit Record entry Clear entry View general journal < Required A Required B > > Complete this question by entering your answers in the tabs below. Required A Required B Required C Post each of the entries to T-accounts. Beg. Bal. End. Bal. Cash Inventory Beg. Bal. End. Bal. Common Stock Sales Revenue Beg. Bal. Beg. Bal. End. Bal. End. Bal. Cost of Goods Sold Advertising Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. < Required A Required C > Required A Required B Required C Prepare a trial balance to prove the equality of debits and credits. MILO CLOTHING Trial Balance December 31, Year 1 Account Titles Debit Credit Totals $ 0 $ 0 < Required B Required C >