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. Credits Debits 4,100 1,100 4,100 10,100 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Dividends Totals 2,600 2,100 9,000 5,700 0 OOOO 0 19,400 19,400 The following transactions occurred during January 2021: Jan. 1 Sold merchandise for cash, $2,600. The cost of the merchandise was $1,100. The company uses the perpetual inventory system. 2 Purchased equipment on account for $4,600 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. & Sold merchandi on account for $4,1 The cost of the merchandise was $1,900. 10 Purchased merchandise on account for $9,050. 13 Purchased equipment for cash, $900. 16 Paid the entire amount due to the Strong Company. 18 Received $4,000 from customers on account. 20 Paid $900 to the owner of the building for January's rent. 30 Paid employees $2,100 for salaries for the month of January. 31 Paid a cash dividend of $900 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 seg.be seg ba End.be Endbal Inventory Equipment Beg beli seg.be End, bal End be Accounts Payable Accumulated Depreciation Segal Beg.bel End.be End.be Common Stook Dividends seg bar Beg bel End, bal End.be Retained Earnings Sales Revenue seg bal Beg be End, bel End.bel Cost of Goods Sold Rent Expense Beg, bal Beg bel End, bel End Salaries Expanse Advertising Expense Beg ba seg bal End.be End be