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 Accounts receivable Inventory Equipment Accumulated depreciation-equipment Accounts payable 10,900 3,400 2,900 8,000 8,300 Common stock Retained earnings Sales revenue Cost of goods sold Salaries and wages expense Rent expense 0 Advertising expense 22,600 Totals 22,600 The following transactions occurred during January 2018: $1,900 Jan. 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 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 January 2 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 30 Paid employees $2,900 for salaries and wages for the month of January 31 Paid a cash dividend of $800 to shareholders. 's rent 3. Post the transactions into the appropriate T-accounts. (Enter the date of the transaction in the column next to the amount. Be sure to include beginning balances.) Cash Accounts Receivable Beg. bal Beg. bal. End. bal End. bal Inventory Equipment Beg. bal Beg. bal End. bal. End. bal. Accumulated Depreciation-Equipment Accounts Payable Beg. bal Beg bal End, bal End. bal. Retained Earnings Common Stock Beg. bal Beg. bal End. bal. End. bal. Sales Revenue Cost of Goods Sold Beg bal Beg. bal End. bal. End. bal. Rent Expense Salaries and Wages Expense Beg. bal Beg. bal End. bal End. bal. Advertising Expense Beg. bal. End, bal