The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Account Title Cash Debits Credits 5,700 2,700 Accounts receivable 5,700 11,700 Inventory Equipment Accumulated depreciation Accounts payable 4,200 3,700 Accrued 1iabilities 9,000 8,900 Common stock Retained earnings Sales revenue 36 Cost of goods sold Salaries expense Rent expense Advertising expense Totals 25,800 25,800 The following transactions occurred during January 2021: 1 Sold merchandise for cash, $4,200. The cost of the merchandise vas $2,700. The company uses the perpetual inventory systen. 2 Purchased equipment on account ftor $6,200 from the Strong Conpany. 4 Received a $200 invoice fron the local newapaper requesting payment for an advertisement that Whitlow placed in the paper on January 2. 8 Sold merchandise on account for $5,700. The cost of the merchandise was $3,500. 10 Purchased merchandise on account for $9,850. 13 Purchased equipment for cash, $900. 16 Paid the entire amount due to the Strong Company. 18 Received $5,400 from cuntomera on account. 20 Paid $900 to the owner of the building for January's rent. 30 Paid employees $3,700 for salaries for the month of January. 31 Paid a cash dividend of $900 to shareholders. Jan. 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 the Cash Accounts Receivable of 3 Beg. bal. Beg. bal. 5,700 2,700 1/1 4,200 900 1/31 1/8 5,700 5,400 O 1/18 900 1/13 1/16 6,200 900 O 1/20 44:20 3,700 O 1/30 End. bal. End. bal. 2,700 8,400 Inventory Equipment Beg. bal. 1/10 Beg. bal. 5,700 11,700 9,850 2,700 1/1 1/2 6,200 3,500 1/8 1/13 900 End. bal. End. bal. 18,800 9,350 Accounts Payable Accumulated Depreciation Beg. bal. 1/16 Beg. bal. 3,700 4,200 1/10 6,200 9,850 End. bal. End. 7,350 4,200 bal. Required information Common Stock Accrued Liabilities Beg. bal. Beg. bal. 9,000 1/4 200 End. End. bal. 9,000 200 bal. Dividends Retained Earnings Beg. bal. e. bal. 8,900 1/31 900 End. bal. End. bal. 900 8,900 Sales Revenue Cost of Goods Sold Beg. Beg. bal. bal. 4,200 1/1 1/1 2,700 5,700 1/8 1/8 3,500 End. bal. End. 9,900 6,200 bal. Rent Expense Salaries Expense Bea Beg. Required information bal. bal. 0,500 Sales Revenue Cost of Goods Sold Beg. bal. Beg. bal. 1/1 4,200 1/1 2,700 5,700 1/8 1/8 3,500 End. bal. 9,900 End. bal. 6,200 Rent Expense Salaries Expense Be. bal. 1/20 Beg. bal. 900 1/30 3,700 End. 900 End. bal. bal. 3,700 Advertising Expense e. bal. 1/4 200 End. 200 hal