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MHE : connect.htm SAM- Activity Cal. Help Save & Exit Check my Halogen Laminated Products Company began business on January 1,2018.During January, the following transactions occurred Jan. 1 Issued common stock in exchange tor $120,000 cash. inventory on account for $25,000 (the perpetual inventory system ia used) 4 Paid an insurance company $1,200 for a one-year insurance policy 10 Sold merchandise on account for $11,000. The cost of the nerehandise was$6,000 s Borrowed $20,000 from a local bank and signed a note . Prineipal and interest at 10 is to be ropaid in si 20 Paid employees $5,000 salaries and wages for the tirst haif ot 22 sold nerchandise tor $9,000 eash. The cost of the merchandise was $ 24 Paid $14,000 to suppliers tor the merchandise parchased on January 2. 26 Collected $5,so0 on account from custoners 28 Paid $1,200 to the local utility company for January gas and eleetricity 30 Paid $3,000 rent tor the bailding. $1,500 was for January rent, and $1,500 for February rent. Required 1. Prepare general journal entries to record each transaction 2. Post the transactions into the appropriate T-accounts. 3. Prepare an unadjusted trial balance as of January 30, 2018. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an unadjusted trial balance as of January 30, 2018 Prey 1 of 4 Next > 5 6

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