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Exercise 2 - 1 9 ( Algo ) Record transactions, post to T - accounts, and prepare a trial balance ( LO 2 - 4
Exercise Algo Record transactions, post to Taccounts, and prepare a trial balance LO
Green Wave Company plans to own and operate a storage rental facility. For the first month of operations, the company has the following transactions.
January Issue shares of common stock in exchange for $ in cash.
January Purchase land for $ A note payable is signed for the full amount.
January Purchase storage container equipment for $ cash.
January Hire three employees for $ per month.
January Receive cash of $ in rental fees for the current month.
January Purchase office supplies for $ on account.
January Pay employees $ for the first month's salaries.
Required:
Record each transaction.
Post each transaction to Taccounts and calculate the ending balance for each account. For each posting, indicate the corresponding transaction number and the appropriate transaction amount. Since this is the first month of operations, all Taccounts have a beginning balance of zero.
Prepare a trial balance.
Complete this question by entering your answers in the tabs below.
Trial Balance
Record each transaction. If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field.
Journal entry worksheet
Issue shares of common stock in exchange for $ in cash.
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,CreditJanuary
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