Milo Clothing experienced the following events during Year 1, its first year of operation: 1. Acquired $10,500 cash from the issue of common stock. 2. Purchased inventory for $5,300 cash. 3. Sold inventory costing $3,180 for $5,406 cash. 4. Paid $950 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 Record the general journal entries for the preceding transactions. (If no entry is required for a transaction/event, select "No journal entry Journal entry worksheet ARRANTE Record entry for issuance of common stock. Note: Enter debits before credits. Event General Journal Debit Credit 01 Record entry Clear entry View general journal Record sale of inventory for cash. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general Journal Jourrai em y WOIRSNeel 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 $