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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 Issue 18,688 shares of common stock in exchange for $28,888 in cash. 2. January 5 Purchase land for $17,eee. A note payable is signed for the full anount. 3. January 9 Purchase storage container equipment for $7,680 cash. 4. January 12 Hire three employees for $1,620 per month 5. January 18 Receive cash of $11,620 in rental fees for the current month. 6. January 23 Purchase office supplies for $1,620 on account. 7. January 31 Pay employees $4,800 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 Issue 10,000 shares of common stock in exchange for $28,000 in cash. Note: Enter debits before credits. Account Title Debit Credit Date January 01 Record entry Clear entry View general Journal
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