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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

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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 December 31, 2023. The following transactions occurred during Januiary 2024 : January 1 sold inventory for cash, $4,100. The cost of the inventory was $2,600. The company uses the perpetual inventory system. January 2 Purchased equipment on account for $6,100 fron the stromp Company. The full amount is due in 15 Received a $150 invoice from the locat newsp Whit low placed in the paper on January 2 . January 8 Sold inventory on account for $5,600. The cost of the inventory was $3,400. January 18 Purchased inventory on account for $9,800. January 13 Purchased equipment for cash, sae. January 16 Paid the entire anount due to the Strong Company. January 18 Received $5,200 from customers on account. January 20 Paid $800 to the owner of the building for January's rent. January 30 Paid employees $3,600 for salaries for the month of January. January 31 paid a cash dividend of $1,000 to shareholders. 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. ( Answer is not complete

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