The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 6,000 3,000 6,000 12,000 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 Totals 4.500 4.000 9,000 9,500 27,000 27,000 The following transactions occurred during January 2021 Jan. 1 Sold merchandise for cash, $4,500. The cost of the merchandise was $3,000. The company uses the perpetual inventory system 2 Purchased equipment on account for $6,500 from 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 $6,000. The cost of the merchandise was $3,800 10 Purchased merchandise on account for $10,000 13 Purchased equipment for cash. $900. 16 Paid the entire amount due to the Strong Company 18 Received $6,000 from customers on account. 20 Poid $900 to the owner of the building for January's rent. 30 Paid employees $4,000 for salaries for the month of January. 31 Paid a cash dividend of $900 to shareholders. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 13 8 Sold merchandise for cash, $4,500. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01, 2021 Record entry Clear entry View general journal Journal entry worksheet RE 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. General Journal Debit Credit Date Jan 04, 2021 Record entry Clear entry View general journal