The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020 Account Title Cash Debits Credits 4,700 1,700 4,700 10,700 Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Acerued liabilities 3,200 2,700 0 Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense 9,000 6,900 0 0 0 Totals 21,800 21,800 The following transactions occurred during January 2021 1 Sold merchandise for cash, $3,200. The cost of the merchandise was $1,700. The company uses the perpetual inventory system. 2 Purchased equipment on account for $5,200 fron the Strong Company. 4 Received a $200 invoice from the local newspaper requesting payment for an advertisement that Whitlow placed in the paper on January 2 8 Sold merchandise on account for $4,700. The cost of the merchandise was $2,500. 10 Purchased merchandise on account for $9,350. 13 Purchased equipment for cash, $900. 16 Paid the entire amount due to the Strong Company 18 Received $3,700 from customers on account. 20 Paid $900 to the owner of the building for January'8 rent. 30 Paid employees $2,700 for salaries for the month of January 31 Paid a cash dividend of $900 to shareholders. Jan. Required information Cash Accounts Recelvable Beg. bal. Beg. bal. End. bal. End. bal. Inventory Equipment Beg. bal. Beg. bal. End. bal. End. bal. Accumulated Depreciation Accounts Payable Beg. bal. Beg. bal. End. bal, End. bal. Common Stock Acurued Liabiltles Beg. bal. Beg. bal. End. bal. End. bal. Dividends Retained Earnings Beg. bal. Beg. bal es End. bal. End bal. Sales Revenue Cost of Goods Sold Beg. bal. Beg. bal. End. bal End. bal. Rent Expense Salarles Expense Beg. bal Beg bal. End. bal. End. bal. Advertising Expense Beg. bal. End. bal