During January, Central Storage 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 Hire 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. Required: 1. Record each transaction. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No 1 Transaction January 01 General Journal Debit Credit Cash 23,000 Common Stock ' 2 January 05 Land Notes Payable 3 January 09 Equipment Cash 4 January 12 No Transaction Recorded ' 5 January 18 No Transaction Recorded 6 January 23 No Transaction Recorded 7 January 31 Salaries Expense Cash 23,000 14,500 14,500 7,100 7,100 3,300 3,300