[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, 2017.

Account Title	Debits			Credits
Cash		4,700
Accounts receivable		1,700
Inventory		4,700
Equipment		10,700
Accumulated depreciationequipment					3,200
Accounts payable					2,700
Common stock					9,000
Retained earnings					6,900
Sales revenue					0
Cost of goods sold		0
Salaries and wages expense		0
Rent expense		0
Advertising expense		0
Totals		21,800			21,800

The following transactions occurred during January 2018:

Jan.		1		Sold merchandise for cash, $3,200. The cost of the merchandise was $1,700. The company uses the perpetual inventory system.
		2		Purchased equipment on account for $5,200 from the Strong Company.
		4		Received a $200 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 $4,700. The cost of the merchandise was $2,500.
		10		Purchased merchandise on account for $9,350.
		13		Purchased equipment for cash, $900.
		16		Paid the entire amount due to the Strong Company.
		18		Received $3,700 from customers on account.
		20		Paid $900 to the owner of the building for Januarys rent.
		30		Paid employees $2,700 for salaries and wages for the month of January.
		31		Paid a cash dividend of $900 to shareholders.