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Return to qu January 1 Sold inventory for cash, $2,600 . The cost of the inventory was $1,100 . The company uses the perpetual inventory

Return to qu\ January 1 Sold inventory for cash,

$2,600

. The cost of the inventory was

$1,100

. The company uses the perpetual inventory system.\ January 2 Purchased equipment on account for

$4,600

from the strong Company. The full amount is due in 15 days.\ January 4 Received a

$200

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

$4,100

. The cost of the inventory was

$1,900

.\ January 10 Purchased inventory on account for

$9,050

.\ January 13 Purchased equipment for cash,

$900

.\ January 16 Paid the entire amount due to the Strong Company.\ January 18 Received

$4,000

from customers on account.\ January 20 Paid

$900

to the owner of the building for January's rent.\ January 30 Paid employees

$2,100

for salaries for the month of January.\ January 31 Paid a cash dividend of

$900

to shareholders.\ Problem 2-2 (Algo) Part 4\ 4. Prepare an unadjusted trial balance as of January 31, 2024.

image text in transcribed
January 1 Sold inventory for cash, $2,600. The cost of the inventory was $1,100. The company uses the perpetual inventory system. January 2 Purchased equipment on account for $4,600 from the Strong Company. The full amount is due in 15 days. January 4 Received a $200 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 $4,100. The cost of the inventory was $1,900. January 10 Purchased inventory on account for $9,050. January 13 Purchased equipment for cash, $900. January 16 Paid the entire amount due to the Strong Company. January 18 Received $4,000 from customers on account. January 20 Paid $900 to the owner of the building for January's rent. January 30 Paid employees $2,100 for salaries for the month of January. January 31 Paid a cash dividend of $900 to shareholders. Problem 2-2 (Algo) Part 4 4. Prepare an unadjusted trial balance as of January 31, 2024

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