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1. Sold merchandise for cash $2,700
2. The cost of the merchandise was $1,200. The company uses the perpetual inventory system
3. Purchased equipment on account for $4,700 from 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.
5. Sold merchandise on account for $4,200.
6. The cost of the merchandise was $2,000.
7. Purchased merchandise on account for $9,100.
8. Purchased equipment for cash, $800.
9. Paid the entire amount due to the Strong Company.
10. Received $3,800 from customers on account.
11. Paid $800 to the owner of the building for Januarys rent.
12. Paid employees $2,200 for salaries for the month of January.
13. Paid a cash dividend of $1,000 to shareholders

The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2020. The following transactions occurred during January 2021: Jan. 1 Sold merchandise for cash, $2,700. The cost of the merchandise was $1,200. The company uses the perpetual inventory system. 2 Purchased equipment on account for $4,700 from 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 $4,200. The cost of the merchandise was $2,000. 10 Purchased merchandise on account for $9,100. 13 Purchased equipment for cash, $800. 16 Paid the entire amount due to the Strong Company. 18 Received $3,800 from customers on account. 20 Paid $800 to the owner of the building for January's rent. 30 Paid employees $2,200 for salaries for the month of January. 31 Paid a cash dividend of $1,000 to shareholders. Required: 2. Prepare general journal entries to record each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Note: Enter debits before credits

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