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1.January1Issue 10,000 shares of common stock in exchange for $22,000 in cash. 2.January5Purchase land for $14,000. A note payable is signed for the full amount.

1.January1Issue 10,000 shares of common stock in exchange for $22,000 in cash.

2.January5Purchase land for $14,000. A note payable is signed for the full amount.

3.January9Purchase storage container equipment for $7,000 cash.

4.January12Hire three employees for $1,000 per month.

5.January18Receive cash of $11,000 in rental fees for the current month.

6.January23Purchase office supplies for $1,000 on account.

7.January31Pay employees $3,000 for the first month's salaries.

No Transaction General Journal Debit Credit

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