Green Wave Company plans to own and operate a storage rental facility. For the first month of operations, the company has the following transactions.

January $1$ Issue $10,000$ shares of common stock in exchange for $$25,000$ in cash.

January $5$ Purchase land for $$15,500.$ A note payable is signed for the full amount.

January $9$ Purchase storage container equipment for $$7,300$ cash.

January $12$ Hire three employees for $$1,300$ per month.

January $18$ Receive cash of $$11,300$ in rental fees for the current month.

January $23$ Purchase office supplies for $$1,300$ on account.

January $31$ Pay employees $$3,900$ 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.

Prepare a trial balance.

Complete this question by entering your answers in the tabs below.

Trial Balance

Record each transaction. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$?$

$2$

$3$

$4$

$5$

$6$

$7$

Prev

$6$ of $7$

Next