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8.57 7 points 00:57:37 Stream Company plans to own and operate a storage rental facility. For the first month of operations, the company has
8.57 7 points 00:57:37 Stream Company plans to own and operate a storage rental facility. For the first month of operations, the company has the following transactions. 1. January 1 Issue 10,000 shares of common stock in exchange for $23,000 in cash. 2. January 5 Purchase land for $14,500. A note payable is signed for the full amount. 3. January 9 Purchase storage container equipment for $7,100 cash. 4. January 12 Rire three employees for $1,100 per month. 5. January 18 Receive cash of $11,100 in rental fees for the current month. 6. January 23 Purchase office supplies for $1,100 on account. 7. January 31 Pay employees $3,300 for the first month's salaries. eBook Print Requirement General Journal General Ledger Trial Balance: Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1-7). Review the 'General Ledger and the Trial Balance' tabs to see the effect of the transactions on the account balances. References 8.57 points View transaction list Journal entry worksheet 800578 < 1 eBook Print References 3 4 5 6 7 Issue 10,000 shares of common stock in exchange for $23,000 in cash. Note: Enter debits before credits. Date January 01 Account Title Debit Credit Record entry Clear entry View general journal
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