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1. January 1 Issue 10,000 shares of common stock in exchange for $30,000 in cash.2. January 5 Purchase land for $18,000. A note payable is

1. January 1 Issue 10,000 shares of common stock in exchange for $30,000 in cash.2. January 5 Purchase land for $18,000. A note payable is signed for the full amount.3. January 9 Purchase storage container equipment for $7,800 cash.4. January 12 Hire three employees for $1,800 per month.5. January 18 Receive cash of $11,800 in rental fees for the current month.6. January 23 Purchase office supplies for $1,800 on account.7. January 31 Pay employees $5,400 for the first month's salaries.

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