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Requlred Informetion [The following information applies to the questions displayed below.] The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of
Requlred Informetion [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 : January 1 Sold inventory for cash, $3,400. The cost of the inventory was $1,90. The company uses the perpetual inventory system. January 2 Purchased equipment on account for $5,40 from the strong Company. The full amount is due in 15 days. January 4 Received a $10 invoice from the local newspaper requesting payment for an advertisement that Whitlow placed in the paper on January 2. January 8 Sold inventory on account for $4,900. The cost of the inventory was $2,790. January 10 Purchased inventory on account for $9,450. January 13 Purchased equipment for cash, $79. January 16 paid the entire amount due to the Strong Company. January 18 Received $3,99 from customers on account. January 26 Paid $7 to the owner of the building for January's rent. January 30 Paid employees $2,90 e for salaries for the month of January. January 31 Paid a cash dividend of $869 to shareholders. 4. Prepare an unadjusted trial balance as of January 31, 2024
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