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 Cost of goods sold Salaries and wages expense 3,400 2,900 8,000 8,300 Rent expense Advertising expense Totals 22,600 22,600 The following transactions occurred during January 2018: 1 Sold merchandise for cash, $3,400. The cost of the merchandise was The company uses the perpetual inventory system. Purchased equipment on account for $5,400 from the Strong Company to be $1,900 Jan 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 Sold merchandise on account for $4,900. The cost of the merchandise was $2,700 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. January 2 30 Paid employees $2,900 for salaries and wages for the month of January 31 Paid a cash dividend of $800 to shareholders. Required: 2. Prepare general journal entries to record each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)