The following is the post closing trial balance for the Whitlow Manufacturing Corporation as of December 3 1 , 2 0 2 3 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 3 1 , 2 0 2 3 The following transactions occurred during January 2 0 2 4 January 1 Sold inventory for cash, $ 3 , 2 0 0 The cost of the inventory was $ 1 , 7 0 0 The company uses the perpetual inventory system January 2 Purchased equipment on account for $ 5 , 2 0 0 from the Strong Company The full amount is due in 1 5 days January 4 Received a $ 2 0 0 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 , 7 0 0 The cost of the inventory was $ 2 , 5 0 0 January 1 0 Purchased inventory on account for $ 9 , 3 5 0 January 1 3 Purchased equipment for cash, $ 9 0 0 January 1 6 Paid the entire amount due to the Strong Company January 1 8 Received $ 3 , 7 0 0 from customers on account January 2 0 Paid $ 9 0 0 to the owner of the building for January's rent January 3 0 Paid employees $ 2 , 7 0 0 for salaries for the month of January January 3 1 Paid a cash dividend of $ 9 0 0 to shareholders Required Prepare general journal entries to record each transaction Note If no entry is required for a transaction event , select No journal entry required in the first account field 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 3 1 , 2 0 2 3 The following transactions occurred during January 2 0 2 4 January 1 Sold inventory for cash, $ 3 , 2 0 0 The cost of the inventory was $ 1 , 7 0 0 The company uses the perpetual inventory system January 2 Purchased equipment on account for $ 5 , 2 0 0 from the Strong Company The full amount is due in 1 5 days January 4 Received a $ 2 0 0 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 , 7 0 0 The cost of the inventory was $ 2 , 5 0 0 January 1 0 Purchased inventory on account for $ 9 , 3 5 0 January 1 3 Purchased equipment for cash, $ 9 0 0 January 1 6 Paid the entire amount due to the Strong Company January 1 8 Received $ 3 , 7 0 0 from customers on account January 2 0 Paid $ 9 0 0 to the owner of the building for January's rent January 3 0 Paid employees $ 2 , 7 0 0 for salaries for the month of January January 3 1 Paid a cash dividend of $ 9 0 0 to shareholders 3 Enter the beginning balances as of January 1 , 2 0 2 4 and post the entries to T accounts Note Enter the date of the transaction in the column next to the amount The following is the post closing trial balance for the Whitlow Manufacturing Corporation as of December 3 1 , 2 0 2 3 The following transactions occurred during January 2 0 2 4 January 1 Sold inventory for cash, $ 3 , 2 0 0 The cost of the inventory was $ 1 , 7 0 0 The company uses the perpetual inventory system January 2 Purchased equipment on account for $ 5 , 2 0 0 Account Title Debits Credits Cash $ 4 , 7 0 0 Accounts receivable 1 , 7 0 0 Inventory 4 , 7 0 0 Equipment 1 0 , 7 0 0 Accumulated depreciation $ 3 , 2 0 0 Accounts payable 2 , 7 0 0 Accrued liabilities 0 Common stock 9 , 0 0 0 Retained earnings 6 , 9 0 0 Sales revenue 0 Cost of goods sold 0 Salaries expense 0 Rent expense 0 Advertising expense 0 Dividends 0 Totals $ 2 1 , 8 0 0 $ 2 1 , 8 0 0 The following transactions occurred during January 2 0 2 4 January 1 Sold inventory for cash, $ 3 , 2 0 0 The cost of the inventory was $ 1 , 7 0 0 The company uses the perpetual inventory system January 2 Purchased equipment on account for $ 5 , 2 0 0 from the Strong Company The full amount is due in 1 5 days January 4 Received a $ 2 0 0 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 , 7 0 0 The cost of the inventory was $ 2 , 5 0 0 January 1 0 Purchased inventory on account for $ 9 , 3 5 0 January 1 3 Purchased equipment for cash, $ 9 0 0 January 1 6 Paid the entire amount due to the Strong Company January 1 8 Received $ 3 , 7 0 0 from customers on account January 2 0 Paid $ 9 0 0 to the owner of the building for January s rent January 3 0 Paid employees $ 2 , 7 0 0 for salaries for the month of January January 3 1 Paid a cash dividend of $ 9 0 0 to shareholders Required 2 Prepare general journal entries to record each transaction Note If no entry is required for a transaction event , select No journal entry required in the first account field Show all images Show all images Show all images done loading

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The following is the post   closing trial balance for the Whitlow Manufacturing Corporation as of December 3 1 , 2 0 2 3   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 3 1 , 2 0 2 3   The following transactions occurred during January 2 0 2 4   January 1 Sold inventory for cash, $ 3 , 2 0 0   The cost of the inventory was $ 1 , 7 0 0   The company uses the perpetual inventory system  January 2 Purchased equipment on account for $ 5 , 2 0 0 from the Strong Company  The full amount is due in 1 5 days  January 4 Received a $ 2 0 0 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 , 7 0 0   The cost of the inventory was $ 2 , 5 0 0   January 1 0 Purchased inventory on account for $ 9 , 3 5 0   January 1 3 Purchased equipment for cash, $ 9 0 0   January 1 6 Paid the entire amount due to the Strong Company  January 1 8 Received $ 3 , 7 0 0 from customers on account  January 2 0 Paid $ 9 0 0 to the owner of the building for January's rent  January 3 0 Paid employees $ 2 , 7 0 0 for salaries for the month of January  January 3 1 Paid a cash dividend of $ 9 0 0 to shareholders  Required  Prepare general journal entries to record each transaction  Note  If no entry is required for a transaction   event , select   No journal entry required  in the first account field    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 3 1 , 2 0 2 3   The following transactions occurred during January 2 0 2 4   January 1 Sold inventory for cash, $ 3 , 2 0 0   The cost of the inventory was $ 1 , 7 0 0   The company uses the perpetual inventory system  January 2 Purchased equipment on account for $ 5 , 2 0 0 from the Strong Company  The full amount is due in 1 5 days  January 4 Received a $ 2 0 0 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 , 7 0 0   The cost of the inventory was $ 2 , 5 0 0   January 1 0 Purchased inventory on account for $ 9 , 3 5 0   January 1 3 Purchased equipment for cash, $ 9 0 0   January 1 6 Paid the entire amount due to the Strong Company  January 1 8 Received $ 3 , 7 0 0 from customers on account  January 2 0 Paid $ 9 0 0 to the owner of the building for January's rent  January 3 0 Paid employees $ 2 , 7 0 0 for salaries for the month of January  January 3 1 Paid a cash dividend of $ 9 0 0 to shareholders    3   Enter the beginning balances as of January 1 , 2 0 2 4 and post the entries to T   accounts  Note  Enter the date of the transaction in the column next to the amount  The following is the post   closing trial balance for the Whitlow Manufacturing Corporation as of December 3 1 , 2 0 2 3   The following transactions occurred during January 2 0 2 4   January 1 Sold inventory for cash, $ 3 , 2 0 0   The cost of the inventory was $ 1 , 7 0 0   The company uses the perpetual inventory system  January 2 Purchased equipment on account for $ 5 , 2 0 0 Account Title Debits Credits Cash $ 4 , 7 0 0 Accounts receivable 1 , 7 0 0 Inventory 4 , 7 0 0 Equipment 1 0 , 7 0 0 Accumulated depreciation $ 3 , 2 0 0 Accounts payable 2 , 7 0 0 Accrued liabilities 0 Common stock 9 , 0 0 0 Retained earnings 6 , 9 0 0 Sales revenue 0 Cost of goods sold 0 Salaries expense 0 Rent expense 0 Advertising expense 0 Dividends 0 Totals $ 2 1 , 8 0 0 $ 2 1 , 8 0 0 The following transactions occurred during January 2 0 2 4   January 1 Sold inventory for cash, $ 3 , 2 0 0   The cost of the inventory was $ 1 , 7 0 0   The company uses the perpetual inventory system  January 2 Purchased equipment on account for $ 5 , 2 0 0 from the Strong Company  The full amount is due in 1 5 days  January 4 Received a $ 2 0 0 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 , 7 0 0   The cost of the inventory was $ 2 , 5 0 0   January 1 0 Purchased inventory on account for $ 9 , 3 5 0   January 1 3 Purchased equipment for cash, $ 9 0 0   January 1 6 Paid the entire amount due to the Strong Company  January 1 8 Received $ 3 , 7 0 0 from customers on account  January 2 0 Paid $ 9 0 0 to the owner of the building for January s rent  January 3 0 Paid employees $ 2 , 7 0 0 for salaries for the month of January  January 3 1 Paid a cash dividend of $ 9 0 0 to shareholders  Required  2   Prepare general journal entries to record each transaction  Note  If no entry is required for a transaction   event , select No journal entry required in the first account field Show all images Show all images Show all images done loading

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The following is the post - closing trial balance for the Whitlow Manufacturing Corporation as of December 3 1 , 2 0 2 3 .

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