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unadjusted trial balance Required information [The following information applies to the questions displayed below.) The following is the post-closing trial balance for the Whitlow Manufacturing

image text in transcribedunadjusted trial balance
Required information [The following information applies to the questions displayed below.) The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Credits Debits 5,9ee 2,900 5,9ee 11,9ee 4,400 3,900 Account Title Cash Accounts receivable Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Totals 10,000 8,300 26,600 26,600 The following transactions occurred during January 2021: Jan. 1 Sold merchandise for cash, $4,400. The cost of the merchandise was $2,900. The company uses the perpetual Inventory system. 2 Purchased equipment on account for $6,400 fron the strong company. 4 Received a $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 $5,900. The cost of the merchandise was $3,700. 10 Purchased serchandise on account for 59,95e. 13 Purchased equipment for cash, 58ee. 16 Paid the entire amount due to the Strong Company. 18 Received $5.Be From customers on account. 20 Paid $800 to the owner of the building for January's rent. 30 Paid employees $3,900 for salaries for the month of January. 31 Paid cash dividend of $1.eee to shareholders

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