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The following transactions occurred during January 2024: January 1 Sold inventory for cash,...

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Accounting

The following transactions occurred during January 2024:
January 1 Sold inventory for cash, $3,900. The cost of the inventory was $2,400. The company uses the perpetual inventory system.
January 2 Purchased equipment on account for $5,900 from the Strong Company. The full amount is due in 15 days. January 4 Received a $200 invoice from the local newspaper requesting payment for an advertisement that Whitlow place in the paper on January 2.
January 8 Sold inventory on account for $5,400. The cost of the inventory was $3,200.
January 10 Purchased inventory on account for $9,700.
January 13 Purchased equipment for cash, $900.
January 16 Paid the entire amount due to the Strong Company.
January 18 Received $4,800 from customers on account.
January 20 Paid $900 to the owner of the building for January's rent.
January 30 Paid employees $3,400 for salaries for the month of January.
January 31 Paid a cash dividend of $900 to shareholders.
4. Prepare an unadjusted trial balance as of January 31,2024.
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