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 $42,000 in cash.
2. January 5	Purchase land for $24,000. A note payable is signed for the full amount.
3. January 9	Purchase storage container equipment for $9,000 cash.
4. January 12	Hire three employees for $3,000 per month.
5. January 18	Receive cash of $13,000 in rental fees for the current month.
6. January 23	Purchase office supplies for $3,000 on account.
7. January 31	Pay employees $9,000 for the first month's salaries.

Required:

Record each transaction.

Post each transaction to T-accounts 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 T-accounts have a beginning balance of zero.

Cash					Supplies
Debit		Credit			Debit		Credit
Beginning Balance					Beginning Balance
					Ending Balance
Ending Balance
Land					Equipment
Debit		Credit			Debit		Credit
Beginning Balance					Beginning Balance
Ending Balance					Ending Balance
Common Stock					Accounts Payable
Debit		Credit			Debit		Credit
Beginning Balance					Beginning Balance
Ending Balance					Ending Balance
Notes Payable					Service Revenue
Debit		Credit			Debit		Credit
Beginning Balance					Beginning Balance
Ending Balance					Ending Balance
Salaries Expense
Debit		Credit
Beginning Balance
Ending Balance

Prepare a trial balance.

GREEN WAVE COMPANY
Trial Balance
Accounts	Debit	Credit
Cash
Supplies
Land
Equipment
Accounts Payable
Notes Payable
Common Stock
Service Revenue
Salaries Expense
Totals	$0	$0