12 12 of 3 1. January 1 Issue 10,000 shares of common stock in exchange for $32,000 in cash 2. January 5 Purchase land for $19,000. A note payable is signed for the full amount 3. January 9 Purchase storage container equipment for $8,000 cash. 4. January 12 Hire three employees for $2,000 per month. 5. January 18 Receive cash of $12,000 in rental fees for the current month. 6. January 23 Purchase office supplies for $2,000 on account. 7. January 31 Pay employees $6,000 for the first month's salaries 6 eflook H 2. Post each transaction to T-accounts and calculate the ending balance for each account Print Beg bal efences End, bal Beg bel End bal Cash Beg bal 8,000 (3) End. bal Supplies Land Equipment Beg bal End bal my End Da End. bal. Common Stock Beg. bal Accounts Payable Beg. bal. End. bal. End. bal. Notes Payable Service Revenue Beg. bal. Beg. bal. End. bal. End. bal. Salaries Expense Beg bal End. bal