The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Account Title Debits Credits Cash 4,200 Accounts receivable 1,200 Inventory 4,200 Equipment 1e, 200 Accumulated depreciation 2,700 Accounts payable 2,200 Common stock 10,000 Retained earnings 4,900 Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Dividends Totals 19,800 19,800 @ 3 The following transactions occurred during January 2021: Jan. 1 Sold merchandise for cash, $2,700. The cost of the merchandise was $1,200. The company uses the perpetual inventory system, 2 Purchased equipment on account for 54,700 from the Strong Company, 4 Received . $150 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 $4,200. The cost of the merchandise was $2,000. 10 Purchased merchandise on account for $9,100 13 Purchased equipment for cash, $800. 16 Paid the entire amount due to the strong company. 18 Received $3,800 from customers on account. 20 Paid $800 to the owner of the building for January's rent. 30 Paid employees $2,200 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 T-accounts. (Enter the date of the transaction in column next to the amount.) Cash Accounts Receivable Beg bal. Beg bal End bal End bal Inventory Equipment Beg bal Beg bal End bal End bal Accumulated Depreciation Accounts Payable Beg bal Bog bal Required information Accumulated Depreciation Accounts Payable Beg bal Beg bal End bal End bal Common Stock Dividends Beg bal Beg bal End bal End bal Retained Earnings Sales Ravenue Beg bal Beg bal End bal End bal Cost of Goods Sold Rent Expense 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 End bal End, bal