Milo Clothing experienced the following events during Year 1, its first year of operation: 1. Acquired $15,000 cash from the issue of common stock. 2. Purchased inventory for $5,600 cash. 3. Sold inventory costing $3,360 for $5,712 cash. 4. Paid $800 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/ev required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 > Record entry for issuance of common stock. Record the entry of inventory purchased for cash. Note: Enter debits before credits. Event General Journal Debit Credit 02 Record entry Clear entry View general journal Required A Required B > View transaction list Journal entry worksheet 1 2 4 5 Record sale of inventory for cash. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal Required A Required B View transaction list Journal entry worksheet Saved 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 Post each of the entries to T-accounts. Cash Merchandise Inventory Beg. Bal. Beg. Bal. End. 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.