9 Part 1 of 3 125 points elm Required information [The following information applies to the questions displayed below] A 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 $24,000 in cash. 2. January 5 Purchase land for $15,000. A note payable is signed for the full amount. 3. January 9 Purchase storage container equipment for $7,200 cash. 4. January 12 Hire three employees for $1,200 per month.. 5. January 18 Receive cash of $11,200 in rental fees for the current month.. 6. January 23 Purchase office supplies for $1,200 on account. 7. January 31 Pay employees $3,600 for the first month's salaries.