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The following transactions occurred during January 2024: January 1 Sold inventory for cash, $4,200. The cost of the inventory was $2,700. The company uses the

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The following transactions occurred during January 2024: January 1 Sold inventory for cash, $4,200. The cost of the inventory was $2,700. The company uses the perpetual inventory system. January 2 Purchased equipment on account for $6,200 from the 5 trong Company. The full amount is due in 15 January 4 Received a $200 invoice fron the local netspaper requesting payment for an advertisement that Whitlow placed in the paper on January 2 . January 8 Sold inventory on account for $5,700. The cost of the inventory was $3,500. January 10 Purchased inventory on account for $9,850. January 13 Purchased equipment for cash, $960. January 16 Paid the entire amount due to the Strong Company. January 18 Received $5,400 from customers on account. January 20 Paid $900 to the owner of the building for January's rent. January 30 Paid eeployees $3,760 for salaries for the month of January. January 31 Paid a cash dividend of $900 to shareholders. equired: Prepare general journal entries to record each transaction. lete: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. \& 3. Enter the beginning balances as of January 1, 2024 and post the entries to T-accounts. Note: Enter the date of the transaction in the column next to the amount. 4. Prepare an unadjusted trial balance as of January 31,2024

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