Question
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.
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