Chapter 2 HW Seved Help Sa 7 Halogen Laminated Products Company began business on January 1, 2021. During January, the following transactions occurred. 09 1 Issued common stock in exchange for $120,000 cash. 2. Purchased Inventory on account for $25,000 (the perpetual inventory system is used). 4 Paid an Insurance company $1,200 for one year Insurance policy. Prepaid Insurance was debited for the entire amount 10 Sold merchandise on account for $11,000. The cost of the merchandise was 56,000 15 Borrowed $20,000 from a local bank and signed a note. Principal and interest at 10% is to be repaid in six months 20 Paid employees 55,000 salaries for the first half of the month 22 Sold merchandise for 59.000 cash. The cost of the merchandise was 55,000 24 Pald $14,000 to suppliers for the merchandise purchased on January 2 20 collected $5,500 on account from customers. 20 Paid 51,200 to the local utility company for Tanuary and electricity Pald $3,000 rent for the building $1,500 was for Tanuary rent, and $1,500 for February rent Prepaid rest and rent expense were debited for their appropriate amounts Required: 1. Prepare general journal entries to record each transaction 2. Post the transactions into the appropriate Taccounts 3. Prepare an unadjusted trial balance as of January 30, 2021 Complete this question by entering your answers in the tabs below. Required Required