The following is the postclosing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2923. Account Title Debits Credits Cash 3 5,999 Accounts receivable 2,999 Inventory 5,999 Equipment 11,999 Accumulated depreciation $ 3,599 Accounts payable 3,999 Accrued liabilities 9 Common stock 19,999 Retained earnings 9,599 Sales revenue 9 Cost of goods sold Salaries expense Rent expense Advertising expense Dividends Totals $ 23,999 $ 23,999 @9539 The following transactions occurred during January 2024: January 1 5old inventory for cash, $3,500. The cost of the inventory was $2,000. The company uses the perpetual inventory system. January 2 Purchased equipment on account for $5,500 from the Strong Company. The full amount is due in 15 days. January 4 Received a $150 invoice from the local newspaper requesting payment for an advertisement that Whitlow placed in the paper on January 2. January 8 5old inventory on account for $5,000. The cost of the inventory was $2,800. January 10 Purchased inventory on account for $9,509. January 13 Purchased equipment for cash, $860. January 16 Paid the entire amount due to the Strong Company. January 18 Received $4,000 from customers on account. January 20 Paid $800 to the owner of the building for January's rent. January 30 Paid employees $3,000 for salaries for the month of January. January 31 Paid a cash dividend of $1,000 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