1. & 3. Enter the beginning balances as of January 1, 2024 and post the entries to T-accounts Note: Enter the date of the transaction in the column next to the amount. Beginning balance Ending balance Beginning balance Ending balance Beginning balance Ending balance Beginning balance Ending balance Beginning balance Ending balance Accumulated Depreciation Beginning balance Ending balance Cash Beginning balance Inventory Common Stock Retained Earnings Cost of Goods Sold Salaries Expen Beginning balance Ending balance balance Ending balance Begining balance Ending balance Beginning baland Ending blanca Ending balance Beginning belance Accounts Receivable Equipment Accoures Payable Nunt Expense Advorining Experies The following is the post-closing trial balance for the Whitlow Manufacturing Corporation as of December 31, 2023. Account Title Cash Accounts receivable. Inventory Equipment Accumulated depreciation Accounts payable Accrued liabilities Common stock Retained earnings Sales revenue Cost of goods sold Salaries expense Rent expense Advertising expense Dividends Totals January 2 January 4 Debits $ 4,200 1,200 4,200 10,200 January 8 January 10 January 13 January 16 Paid the entire amount due to the Strong Company. January 18 Received $3,800 from customers on account. 88888 0 0 0 $ 19,800 January 20 Paid $800 to the owner of the building for January's rent. January 30 Paid employees $2,200 for salaries for the month of January. January 31 Paid a cash dividend of $1,000 to shareholders. Credits $ 2,700 2,200 0 The following transactions occurred during January 2024: January 1 Sold inventory for cash, $2,700. The cost of the inventory was $1,200. The company uses the perpetual inventory system. Purchased equipment on account for $4,700 from the Strong Company. The full amount is due in 15 days. Received a $150 invoice from the local newspaper requesting payment for an advertisement that Whitlow placed in the paper on January 2. Sold inventory on account for $4,200. The cost of the inventory was $2,000. Purchased inventory on account for $9,100. Purchased equipment for cash, $800. 10,000 4,900 0 $ 19,800