Halogen Laminated Products Company began business on January 1, 2021. During January, the following transactions occurred:

Jan. 1 Issued common stock in exchange for $103,000 cash.

2 Purchased inventory on account for $38,000 (the perpetual inventory system is used).

4 Paid an insurance company $2,760 for a one-year insurance policy. Prepaid insurance was debited for the entire amount.

10 Sold merchandise on account for $12,300. The cost of the merchandise was $7,300.

15 Borrowed $33,000 from a local bank and signed a note. Principal and interest at 10% is to be repaid in six months.

20 Paid employees $6,300 salaries for the first half of the month.

22 Sold merchandise for $10,300 cash. The cost of the merchandise was $6,300.

24 Paid $15,300 to suppliers for the merchandise purchased on January 2.

26 Collected $6,150 on account from customers.

28 Paid $1,000 to the local utility company for January gas and electricity.

30 Paid $4,300 rent for the building. $2,150 was for January rent, and $2,150 for February rent. Prepaid rent 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 T-accounts.
3. Prepare an unadjusted trial balance as of January 30, 2021.