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 3 2020. Account Title Debits Credits Cash 4,900 Accounts receivable 1,900 Inventory 4,900 Equipment 10,900 Accumulated depreciation 3,400 Accounts payable 2,900 Common stock 8,000 Retained earnings 8,300 Sales revenue 0 Cost of goods sold Salaries expense Rent expense Advertising expense Totals 22,600 22,600 8 The following transactions occurred during January 2021: Jan. 1 Sold merchandise for cash, $3,400. The cost of the merchandise was $1,900. The company uses the perpetual inventory system. 2 Purchased equipment on account for $5,400 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. 8 Sold merchandise on account for $4,900. The cost of the merchandise was $2,700. 10 Purchased merchandise on account for $9,450. 13 Purchased equipment for cash, $700. 16 Paid the entire amount due to the strong company, 18 Received $3,900 from customers on account. 20 Paid $700 to the owner of the building for January's rent. 30 Paid employees $2,900 for salaries for the month of January. 31 Paid a cash dividend of $800 to shareholders. 4. Prepare an unadjusted trial balance as of January 31, 2021. 4. Prepare an unadjusted trial balance as of January 31, 2021. WHITLOW MANUFACTURING CORPORATION Unadjusted Trial Balance January 31, 2021 Account Title Debits Credits Totals