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Exercise 2-19 Record transactions, post to T-accounts, and prepare a trial balance (LO2-4,2-5, 2-6) (The following information applies to the questions displayed below) Green Wave

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Exercise 2-19 Record transactions, post to T-accounts, and prepare a trial balance (LO2-4,2-5, 2-6) (The following information applies to the questions displayed below) 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 $39.000 in cash 2. January 5 Purchase land for $22,500. A note payable is signed for the full amount 3. Janunry 9 Purchase storage container equipment for $8,700 cash. 4. January 12 Hire three employees for $2.700 per month 5. January 18 Receive cash of $12.700 in rental fees for the current month 6. January 23 Purchase office supplies for $2.700 on account 7. January 31 Pay employees $8,100 for the first month's salaries References Required: 1. Record each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Credit Debit 39,000 Cash Common stock 39.000 Land Notes payable 22,500 22 500 8.700 Equipment Cash 8.700 No journal entry required Cash Service revenue Supplies Accounts payable 2.700 2,700 Salaries expense 8100 8.100 2. Post each transaction to T-accounts and calculate the ending balance for each account. Casa Supplies Bogbal. Bogbal 8.700 (3) End, bal End, bal Equipment Beg bal Beg bal Common Stock Accounts Payable Bogbal Bog, bal | ATT End, bal Notes Payable Service Revenue Endbal. End, bal Salaries Expense Beobal End bal

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