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, 2020. Account Title Debits Credits Cash 5,700 Accounts receivable 2,70 Inventory 5,700 Equipment Accumulated depreciation 4,288 Accounts payable 3,780 Accrued liabilities Connon stock 9,000 Retained earnings 8.900 Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 25,800 25,800 11,700 3 3 The following transactions occurred during January 2021: Jan. 1 Sold merchandise for cash, $4,289. The cost of the merchandise was $2,780. The company uses the perpetual inventory system. 2 Purchased equipment on account for $6,200 from the Strong Company. 4 Received a $200 invoice from the local newspaper requesting payment for an advertisement that whitlow placed in the paper on January 2. 8 Sold merchandise on account for $5,700. The cost of the merchandise was $3,5ee. 10 Purchased merchandise on account for $9,85e. 13 Purchased equipment for cash, $989. 16 Paid the entire amount due to the Strong company. 18 Received $5,488 from customers on account. 20 Paid $980 to the owner of the building for January's rent. 30 Paid employees $3,788 for salaries for the month of January. 31 Paid a cash dividend of $9ee to shareholders. 1. & 3. Enter the beginning balances as of January 1, 2021 and post the entries to T-accounts. (Enter the date of the transaction in the column next to the amount.) Cash Accounts Receivable Beg. bal Beg bal 1/1 Dividends Retained Earnings Beg. bal Beg bal End. bal. End.ba End. bal End. bal. Inventory Equipment Sales Revenue Cost of Goods Sold Beg bal. Beg. bal. Beg. bal. Beg bal End, bal End. bal End, ball End. bal. Accumulated Depreciation Accounts Payable Rent Expense Salaries Expense Beg. bal. Beg. bal. Beg bal Beg bal End. bal End. bal. End. bal. End. bal. Common Stock Accrued Liabilities Advertising Expense Beg bal. Beg bal. Beg bal End. bal. End. bal. End, bal