Prepare journal entries to record each transaction.

Enter the beginning balances as of January 1, 2021 and post the entries to T-accounts.

The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. Account Title Debits Credits Cash 4,300 Accounts receivable 1,300 Inventory 4,300 Equipment 10,300 Accumulated depreciation 2,8ee Accounts payable 2,300 Common stock 8,000 Retained earnings 7,180 Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Dividends Totals 20,200 20,200 8 The following transactions occurred during January 2021 Jan. 1 Sold merchandise for cash, $2,900. The cost of the merchandise was $1,300. The company uses the perpetual inventory system 2 Purchased equipment on account for $4,800 from the Strong Company. 4 Received a $100 invoice from the local newspaper requesting payment for an advertisement that whitlow placed in the paper on January 2. B Sold merchandise on account for $4,300. The cost of the merchandise was $2,100. 10 Purchased merchandise on account for $9,150. 13 Purchased equipment for cash, $700. 16 Paid the entire amount due to the Strong Company. 18 Received $3,980 from customers on account. 20 Paid 5700 to the owner of the building for January's rent. 30 Paid employees $2,300 for salaries for the month of January 31 Paid a cash dividend of $800 to shareholders. 1. & 3. Enter the beginning balances as of January 1, 2021 and post the entries to T-accounts. (Entert column next to the amount.) Cash Accounts Receivable Beg bal Beg bal End bal End, bal CO Inventory Equipment Beg. bal. Beg. bal. End, bal End, bal Accumulated Depreciation Accounts Payable Beg. bal. Beg. bal End, bal End, bal. Common Stock Dividends Beg bal Beg. bal. End, bal. End, bal Retained Earnings Sales Revenue Beg. bal Beg. bal. End, bal End, bal Cost of Goods Sold Rent Expense Beg. bal. Beg. bal. End. bal. End. bal Salaries Expense Advertising Expense Beg. bal. Beg, bal. End, bal End, bal 4. Prepare an unadjusted trial balance as of January 31, 2021. WHITLOW MANUFACTURING CORPORATION Unadjusted Trial Balance January 31, 2021 Account Title Debits Credits ces