Problem 2-1 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4] Halogen Laminated Products Company began business on January 1, 2024. During January, the following transactions occurred: January 1 Issued common stock in exchange for $110,000 cash. January 2 Purchased inventory on account for $45,000 (the perpetual inventory system is used). January 10 Sold inventory on account for $13,000. The cost of the inventory was $8,000. January 20 Paid employees $7,000 salaries for the first half of the month. January 22 Sold inventory for $11,000 cash. The cost of the inventory was $7,000. January 24 Paid $16,000 to suppliers for the inventory purchased on January 2 . January 26 collected $6,500 on account from customers. January 28 Paid $1,100 to the local utility company for January gas and electricity. expense were debited for their appropriate amounts. Required: 1. Prepare general journal entries to record each transaction. 2. Post the transactions to the appropriate T-accounts. 3. Prepare an unadjusted trial balance as of January 30, 2024. Complete this question by entering your answers in the tabs below. repare general journal entries to record each transaction. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 2 5 6 7 8 13 Issued common stock in exchange for $110,000 cash. Note: Enter debits before credits. \begin{tabular}{|l|l|l|} \hline Beginning balance \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Beginning balance & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|} \hline & Accounts Payable \\ \hline Beginning balance & P \\ \hline & P \\ \hline - & F \\ \hline & 7 \\ \hline Ending balance & \\ \hline & Common Stock \\ \hline \end{tabular} Prepare an unadjusted trial balance as of January 30, 2024