Granger Technology Solutions, Inc., completed the following transactions during January 2011, its first month of operations:

Requirement 

1. Record the preceding transactions in the journal of Granger Technology Solutions. Include an explanation for each entry, as illustrated in the chapter. Use the following accounts: Cash, Accounts receivable, Supplies, Building, Accounts payable, Common stock, Service revenue, Salary expense, and Rent expense.

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Jan 1 2 4 6 9 17 23 31 Received cash of $46,000 and issued common stock. Purchased supplies of $600 on account. Paid $42,000 cash for a building. Performed service for customers and received cash, $5,800. Paid $400 on accounts payable. Performed service for customers on account, $1,900. Received $1,300 cash from a customer on account. Paid the following expenses: salary, $2,400; rent, $1,000.