Milo Clothing experienced the following events during Year 1, its first year of operation: Acquired $11,500 cash from the issue of common stock. Purchased inventory for $5,500 cash. Sold inventory costing $3,300 for $5,610 cash. Paid $900 for advertising expense. Required a. Record the general journal entries for the preceding transactions. b. Post each of the entries to T-accounts. c. Prepare a trial balance to prove the equality of debits and credits.