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, 2017 Account Title Debits Credits Cash 4,900 1,900 4,900 10,900 Accounts receivable Inventory Equipment Accumulated depreciation-equipment Accounts payable Common stock Retained earnings Sales revenue 3,400 2,900 8,000 8,300 Cost of goods sold Salaries and wages expense Rent expense Advertising expense Totals 22,600 22,600 The following transactions occurred during January 2018: of the merchandise was 1 Sold merchandise for cash, $3,400. The cost The company uses the perpetual inventory system Purchased equipment $1,900 Jan on account for $5,400 from the Strong Company to be 2 repaid within 30 days 4 Received a $100 invoice from the local newspaper requesting payment for an advertisement that Whitlow placed in the paper on January 2 Sold merchandise on account for $4,900. The cost of the merchandise was $2,700. 8 10 Purchased merchandise on account for $9,450 13 Purchased equipment for cash, $700 16 Paid the entire amount due to the Strong Company. 18 Received $3,900 from customers on account. 20 Paid $700 to the owner of the building for January's rent 30 Paid employees $2,900 for salaries and wages for the month of January. 31 Paid a cash dividend of $800 to shareholders 4. Prepare an unadjusted trial balance as of January 31, 2018. WHITLOW MANUFACTURING CORPORATION Unadjusted Trial Balance January 31, 2018 Account Title Debits Credits Totals