Problem $2-1($Algo$)$ Accounting cycle through unadjusted trial balance $[$LO$2-3,2-4]$

Halogen Laminated Products Company began business on January $1,2024.$ During January, the following transactions occurred:

January $1$ Issued common stock in exchange for $$110,000$ cash.

January $2$ Purchased inventory on account for $$45,000($the perpetual inventory system is used$).$

January $4$ Paid an insurance company $$3,600$ for a one$-$year insurance policy. Prepaid insurance was debited for the

January $10$ Sold inventory on account for $$13,000.$ The cost of the inventory was $$8,000.$

January $15$ Borrowed $$40,000$ from a local bank and signed a note. Principal and interest at $10\%$ is to be repaid in six

January $20$ Paid employees $$7,000$ salaries for the first half of the month.

January $22$ Sold inventory for $$11,000$ cash. The cost of the inventory was $$7,000.$

January $24$ Paid $$16,000$ to suppliers for the inventory purchased on January $2.$

January $26$ collected $$6,500$ on account from customers.

January $28$ Paid $$1,100$ to the local utility company for January gas and electricity.

January $30$ Paid $$5,000$ rent for the building. $$2,500$ was for January rent, and $$2,500$ for February rent. Prepaid rent and rent expense were debited for their appropriate amounts.

Required:

Prepare general journal entries to record each transaction.

Post the transactions to the appropriate T$-$accounts.

Prepare an unadjusted trial balance as of January $30,2024.$