Question: Required information Problem 2-2 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4] [The following information applies to the questions displayed below.] Part 1 of
Required information Problem 2-2 (Algo) Accounting cycle through unadjusted trial balance [LO2-3, 2-4] [The following information applies to the questions displayed below.] Part 1 of 3 The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2026. Account Title 10 Debits Credits Cash $ 4,800 points Accounts receivable 1, 800 Inventory 4, 800 Skipped Equipment 10, 800 Accumulated depreciation $ 3,300 Accounts payable 2, 800 Accrued liabilities eBook Common stock 10, 006 Retained earnings 5, 100 Ask Sales revenue Cost of goods sold Print Salaries expense Rent expense References Advertising expense Dividends Totals $ 22, 200 $ 22, 200 The following transactions occurred during January 2027: Mc raw Prey 3 of 3 Next > Hill 8:28 PM W ~ AGO ENG @ 4x 2 8/25/2025 4 Q Search delete prt sc home end insert F12 F9 F10 F1 esc X DII F6 F7 F4 F1 F2 F3 backspace & a tA 6 8 O O N 3 A 5 P Y O tab Q W E R T U enterRent expense Advertising expense Dividends Part 1 of 3 Totals $ 22, 200 $ 22, 200 The following transactions occurred during January 2027: 10 points January 1 Sold inventory for cash, $3, 300. The cost of the inventory was $1, 800. The company uses the perpetual inventory system. Skipped January 2 Purchased equipment on account for $5, 300 from the Strong Company. The full amount is due in 15 days. January 4 Received a $150 invoice from the local newspaper requesting payment for an advertisement that Whitlow placed in the paper on January 2. January 8 Sold inventory on account for $4,800. The cost of the inventory was $2, 600. eBook January 10 Purchased inventory on account for $9,400. January 13 Purchased equipment for cash, $800. Ask January 16 Paid the entire amount due to the Strong Company. January 18 Received $3,800 from customers on account. Print January 20 Paid $800 to the owner of the building for January's rent. January 30 Paid employees $2,800 for salaries for the month of January. References January 31 Paid a cash dividend of $1,000 to shareholders. Problem 2-2 (Algo) Part 2 Mc Prev 2 3 of 3 Next > Graw 8:28 PM W AGO ENG ~4 0 8/25/2025 4 Q Search @ delete prt sc home end insert F11 F12 F8 F9 F10 esc X DII F3 F5 F6 F7 F4 Fin F1 F2 backsp % # $ @ 8 5 2 3 ZLProblem 2-2 (Algo) Part 2 Aol a te Required: 2. Prepare general journal entries to record each transaction. re Note: If no entry is required for a transaction or event, select "No journal entry required" in the first account field. Str luce eas Journal entry worksheet Cc 1'\\9 8600808: 7 8. @& > \\ \\ ' \\ 4 A Sold inventory for cash, $3,300. Record the sale. Note: Enter debits before credits. Required information Journal entry worksheet Part 1 of 3 4 5 6 7 8 . . ... 13 10 points Sold inventory for cash, $3,300. Record the sale. Skipped Note: Enter debits before credits. eBook Date General Journal Debit Credit Ask January 01, 2027 Print References clear View general journal Record entry Mc Prev 21 3 of 3 Next > Graw Hill 8:29 PM ~ ANO ENG ~ 4X 2 8/25/2025 4 Q Search insert delete prt sc home end F11 F12 F10 esc DII F6 F7 F8 F9 F5 F1 F2 F3 F4 & # % 8 15 O
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