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excercise 2-19 (Algo) Record transactions,pist to tT-accounts, and prepare a trial balance. (i cant seem to find what im missing) Exercise 2-19 (Algo) Record transactions,

excercise 2-19 (Algo) Record transactions,pist to tT-accounts, and prepare a trial balance. (i cant seem to find what im missing) image text in transcribed
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Exercise 2-19 (Algo) Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2 - 6) Green Wave 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 $26,000 in cash. 2 . January 5 Purchase land for $16,000. A note payable is signed for the full amount. 3. January 9 Purchase storage container equipment for $7,400 cash. 4. January 12 Hire three employees for $1,400 per month. 5. January 18 Recelve cash of $11,400 in rental fees for the cutrent month. 6. January 23 Purchase office supplies for $1,400 on account. 7. January 31 Pay employees $4,200 for the first month's salaries. Required: 1. Record each transaction 2. Post each transaction to T-accounts and calculate the ending balance for each account. For each posting. incicate the corresponding transaction number and the oppropriate transaction amount Since this is the first month of operations, all T-accounts have a beginning balance of zero 3. Prepare a trial balance. \begin{tabular}{|l|r|r|} \hline \multicolumn{3}{|c|}{ GREEN WAVE COMPANY } \\ \hline \multicolumn{1}{|c|}{ Accounts } & \multicolumn{1}{|c|}{ Debit } & \multicolumn{1}{c|}{ Credit } \\ \hline Cash & $25,800 & \\ \hline Supplies & 1,400 & \\ \hline Land & 16,000 & \\ \hline Equipment & 7,400 & \\ \hline Accounts Payable & & 1,400 \\ \hline Notes Payable & & 16,000 \\ \hline Common Stock & & 26,000 \\ \hline Service Revenue & & 11,400 \\ \hline Salaries Expense & & \\ \hline \multicolumn{1}{|c|}{ Totals } & 4,200 & \\ \hline \end{tabular}

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