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Exercise 2-19A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) (GL) Green Wave Company plans to own and operate a
Exercise 2-19A Record transactions, post to T-accounts, and prepare a trial balance (LO2-4, 2-5, 2-6) (GL) 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 $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. Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Next > CL View transaction list Journal entry worksheet < 2 3 4 5 6 Issue 10,000 shares of common stock in exchange for $23,000 in cash. Note: Enter debits before credits. Date January 01 Account Title Debit Credit Record entry Clear entry View general journal Prov 8 of 23 Next >
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