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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
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. The following transactions occurred during January 2024 : 2anuary 1 Sold Inventory for cash, $4,300. The cost of the inventory was $2,800. The company uses the perpetual inventory systen. January 2 purchased equiphent on account for \$6, 380 fron the Strong company. The full amount is due in 15 days. January 4 received a $1 ee invoice fron the local newspaper requesting payment for an advertisenent 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. January 10 purchased inventory on account for $9,900. January 13 Purchased equipment for cash; $700. January 16 Daid the entire amount due to the Strong Company. January 18 Recelved $,6ee fron custoners on account. January 20 paid s7ee to the owner of the building for January's rent. January 30 Paid exployees 33 , gee for salaries for the month of January. January 31 paid a cash dividend of $1, eee to shareholders. Required: Required: 2. Prepare general journal entries to record each transaction. Note: If no entry is required for o transaction/event, select "No journol entry required" in the first account fleld
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