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 2,700 Inventory 5,700 Equipment 11,700 Accumulated depreciation 4,280 Accounts payable 3,780 Accrued liabilities Connon stock 9,000 Retained earnings 8,982 Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 25,800 25,80 3 3 3 The following transactions occurred during January 2021: Jan. 1 Sold merchandise for cash, $4,200. The cost of the merchandise was $2,700. The company uses the perpetual inventory system. 2 Purchased equipment on account for $6,200 from the Strong Company. 4 Received a $280 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 $5,780. The cost of the merchandise was $3,5ee. 18 Purchased merchandise on account for $9,850. 13 Purchased equipment for cash, $989. 16 Paid the entire amount due to the Strong Company. 18 Received $5,480 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. 4. Prepare an unadjusted trial balance as of January 31, 2021 WHITLOW MANUFACTURING CORPORATION Unadjusted Trial Balance January 31, 2021 Account Title Debits Credits