The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31,2023. The following transactions occurred during January 2024 : January 1 Sold inventory for cash, $2,900. The cost of the inventory was $1,400. The company uses the perpetual inventory system. January 2 Purchased equipment on ccount for $4,960 from the Strong Company. The full asount is due in 15 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 $4,400. The cost of the inventory was $2,280. January 10 Purchased inventory on account for $9,200. January 13 Purchased equipnent for cash, \$900. January 16 Paid the entire amount due to the Strong Company. January 18 Received $4,006 from customers on account. January 20 Paid $960 to the omner of the building for January's rent. January 38 Paid employees $2,40e for salaries for the month of January. Januarv 31 Paid a cash dividend of $900 to shareholders. Journal entry worksheet Sold inventory for cash, $2,900. Record the sale. Note: Enter debits before credits. Journal entry worksheet Sold inventory for cash. The cost of the inventory sold was $1,400. The company uses the perpetual inventory system. Record the cost of the sale. Note: Enter debits before credits. Journal entry worksheet Purchased equipment on account for $4,900 from the Strong Company. The full amount is due in 15 days. Note: Enter debits before credits. Journal entry worksheet Received a $200 invoice from the local newspaper requesting payment for an advertisement that Whitlow placed in the paper on January 2. Note: Enter debits before credits. Journal entry worksheet 7 Sold inventory on account for $4,400. Record the sale. Note: Enter debits before credits. Journal entry worksheet