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GL2-1 Record transactions, post to T-accounts, and prepare a trial balance Green Wave Company plans to own and operate a storage rental facility. For
GL2-1 Record transactions, post to T-accounts, and prepare a trial balance 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 $27,000 in cash. 2. January 5 Purchase land for $16,500. A note payable is signed for the full amount. 3. January 9 Purchase storage container equipment for $7,500 cash. 4. January 12 Hire three employees for $1,500 per month. 5. January 18 Receive cash of $11,500 in rental fees for the current month. 6. January 23 Purchase office supplies for $1,580 on account. 7. January 31 Pay employees $4,500 for the first month's salaries. Requirement General Journal General Ledger Trial Balance Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1-7). Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. Requirement General Journal >
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