Milo Clothing experienced the following events during Year 1, its first year of operation: 1. Acquired $19,500 cash from the issue of common stock. 2. Purchased inventory for $5,700 cash. 3. Sold inventory costing $3,420 for $5,814 cash. 4. 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 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 ent required" in the first account field.) View transaction list Journal entry worksheet A B C D E Record entry for issuance of common stock. Note: Enter debits before credits. Event 1. General Journal Debit Credit >