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Required information Required information [ The following information applies to the questions displayed below. ] The following is the post - closing trial balance for
Required information Required information
The following information applies to the questions displayed below.
The following is the postclosing trial balance for the Whitlow Manufacturing Corporation as of December
The following transactions occurred during January :
January Sold inventory for cash, $ The cost of the inventory was $ The company uses the perpetual
inventory system.
January Purchased equipment on account for $ from the Strong Company. The full amount is due in days.
January Received a $ invoice from the local newspaper requesting payment for an advertisement that whitlow placed
in the paper on January
January Sold inventory on account for $ The cost of the inventory was $
January Purchased inventory on account for $
January Purchased equipment for cash, $
January Paid the entire amount due to the Strong Company.
January Received $ from customers on account.
January Paid $ to the owner of the building for January's rent.
January Paid employees $ for salaries for the month of January.
January Paid a cash dividend of $ to shareholders.
& Enter the beginning balances as of January and post the entries to Taccounts.
Note: Enter the date of the transaction in the column next to the amount.
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