The following transactions occurred during January 2018 Jan. 1 Sold merchandise for cash, $3,500. The cost of the merchandise was $2,000. The perpetual inventory system. 2 Purchased equipment on account for $5,500 from the Strong Company. 4 Received a $150 invoice from the local newspaper requesting payment for an ad placed in the paper on January 2 8 Sold merchandise on account for $5,000. The cost of the merchandise was $2,80 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 Received $4,000 from customers on account. 20 Paid $800 to the owner of the building for January's rent. 30 Paid employees $3,000 for salaries and wages for the month of January. 31 Paid a cash dividend of $1,000 to shareholders roblem 2-2 Part 3 Post the transactions into the appropriate T-accounts. (Enter the date of the transaction in the colu re to include beginning balances.) Cash Accounts Receivable eg. bal 5,000 Beg. bal 2,000 nd. bal 5,000 End. bal 2,000