Required information Required:

Prepare 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 fi

Journal entry worksheet

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$13$

Sold inventory for cash, $$2,700.$ Record the sale.

Note: Enter debits before credits. Required:

Prepare 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 fielo

View transaction list

$1$ Sold inventory for cash, $$2,700.$ Record the sale.

$2$ Sold inventory for cash. The cost of the inventory sold

was $$1,200.$ The company uses the perpetual inventory

system. Record the cost of the sale.

$3$ Purchased equipment on account for $$4,700$ from the

Strong Company. The full amount is due in $15$ days.

$4$ Received a $$150$ invoice from the local newspaper

requesting payment for an advertisement that Whitlow

placed in the paper on January $2.$

$5$ Sold inventory on account for $$4,200.$ Record the sale.

Note : $=$ journal entry has been entered $6$ Sold inventory on account. The cost of the inventory sold

was $$2,000.$ Record the cost of the sale.

$7$ Purchased inventory on account for $$9,100.$

$8$ Purchased equipment for cash, $$800.$

$9$ Paid the entire amount due to the Strong Company.

$10$ Received $$3,800$ from customers on account.

$11$ Paid $$800$ to the owner of the building for January's rent.

$12$ Paid employees $$2,200$ for salaries for the month of

January.

Note : $=$ journal entry has been entered$13$ Paid a cash dividend of $$1,000$ to shareholders.

Note : $=$ journal entry has been entered

$[$The following information applies to the questions displayed below.$]$

The following is the post$-$closing trial balance for the Whitlow Manufacturing Corporation as of December $31,2023.$

The following transactions occurred during January $2024$:

January $1$ Sold inventory for cash, $$2,700.$ The cost of the inventory was $$1,200.$ The company uses the perpetual

inventory system.

January $2$ Purchased equipment on account for $$4,700$ from the Strong Company. The full amount is due in $15$ days.

January $4$ Received a $$150$ invoice from the local newspaper requesting payment for an advertisement that Whitlow placed

in the paper on January $2.$

January $8$ Sold inventory on account for $$4,200.$ The cost of the inventory was $$2,000.$

January $10$ Purchased inventory on account for $$9,100.$

January $13$ Purchased equipment for cash, $$800.$

January $16$ Paid the entire amount due to the Strong Company.

January $18$ Received $$3,800$ from customers on account.

January $20$ Paid $$800$ to the owner of the building for January's rent.

January $30$ Paid employees $$2,200$ for salaries for the month of January.

January $31$ Paid a cash dividend of $$1,000$ to shareholders.

Required:

Prepare 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.