The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5,000 2,000 5,000 11,000 3,500 3,000 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Dividends Totals 10,000 6,500 23,000 23,000 The following transactions occurred during January 2021 Jan 1 Sold merchandise for cash, 53,500. The cost of the merchandise was 32,000. The company uses the perpetual inventory syster 2 Purchased equipment on account for $5,500 from the Strong company 4 Received a $150 Invoice from the local newspaper requesting paynent for an advertisement that whitlow placed in the paper on January 2 B Sold merchandise on account for $5,000. The cost of the merchandise was $2,800 10 Purchased merchandise on account for $9,500. 13 Purchased equipment for cash, $800 16 Paid the entire amount due to the Strong Company 18 Neceived 54,000 from customers on account 20 Paid $800 to the owner of the building for January's rent 30 Paid employees 3,000 for salaries for the month of January 31 Paid a cash dividend of $1,000 to shareholders 1. & 3. Enter the beginning balances as of January 1, 2021 and post the entries to accounts. (Enter the date of the transaction in the column next to the amount.) Cash Accounts Receivable Bog bal Beg ba End bal End bu Inventory Equipment Beg bal Bog bal End bal End bal Accumulated Depreciation Accounts Payable Bog bal Bog bal ! Required information Common Stock Dividends Beg bal Beg bal End bal End bal Retained Earnings Sales Revenue Beg bal Beg bal End, bal End, bal Cost of Goods Sold Rent Expense Beg bal Beg bal End bal End bal Salaries Expense Advertising Expense Beg bal Beg bal