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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.
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 Tssue 10, Be shares of connon stock in exchange for $42, e9e in cash. 2. January 5 purchase land for $24,000. A note payable is signed for the full wimunt. 3. Jansary 9 Purchase storage container equipeont for $9,000 cash. 4. January 12 Hire three employees for $3,000 per nonth. 5. January 18 Receive cash of $13,900 in rental feos for the current nonth. 6. January 23 Purchase office supplies for $3,000 on account. 7. January 31 Pay enployees $9,60 a for the first month's salories: Required: 1. Record each transaction. 2. 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 fransaction amount Since this is the first month of operations, all I accounts have a beginning balance of zero. 3. Prepare a trial balance. Journal entry worksheet 3456 Issue 10,000 shares of common stock in exchange for $42,000 in cash. Mnte: Fnter debits before credits. GREEN WAVE COMPANY Trial Balance
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