! Required Information [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. Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Dividends Totals Debits $ 5,800 2,800 5,800 11,800 8 0 0 0 0 $ 26,200 Credits January 18 Purchased inventory on account for $9,900. January 13 Purchased equipment for cash, $700. January 16 Paid the entire amount due to the Strong Company. January 18 Received $5,600 from customers on account. January 20 Paid $700 to the owner of the building for January's rent. January 30 Paid employees $3,800 for salaries for the month of January. January 31 Paid a cash dividend of $1,000 to shareholders. $ 4,300 3,800 0 10,000 8,100 0 $ 26,200 The following transactions occurred during January 2024: January 1 Sold inventory for cash, $4,300. The cost of the inventory was $2,800. The company uses the perpetual inventory system. January 2 Purchased equipment on account for $6,300 from the Strong Company. The full amount is due in 15 days. January 4 Received a $100 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 $5,800. The cost of the inventory was $3,600. 1. & 3. Enter the beginning balances as of January 1, 2024 and post the entries to T-accounts. Note: Enter the date of the transaction in the column next to the amount.

Required Informetion [The following information applies to the questions displayed below] The following is the post-closing trial balance for the Whitiow Manufacturing Corporation as of December 31, 2023. The following transactions occurred during January 2024 : January 1 sold inventory for cash, $4,300. The cost of $ Inventory was $2,800. The company uses the perpetual inventory systeen. January 2 Purchased equipeent on account for 56,3e0 fros the strong coapany. The full anount is due in 15 days. January 4 heceived a siee invoice fron the local newspaper requesting payment for an advertiseeent that whitlow placed in the paper on January 2. Jamuary 8 Sold inventory on account for $5,800. The cost of the inventory was $3,600. January 10 purchased inventory on account for $9,900. January 13 Purchased equipment for cash, s7ee. January 16 pald the entire anount due to the strong Conpany. January 18 Received $, 68 fron custoners on account. January 20 pald s7ee to the ouner of the bullding for January's rent. january 30 paid eaployees 33 , liee for salarles for the month of January. january 31 pald a cash dividend of $1, eee to shareholders. 1. \& 3. Enter the beginning balances as of January 1,2024 and post the entries to T-accounts. Note: Enter the dote of the transoction in the column next to the omount