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 $38,000 in cash.
2.		January		5		Purchase land for $22,000. A note payable is signed for the full amount.
3.		January		9		Purchase storage container equipment for $8,600 cash.
4.		January		12		Hire three employees for $2,600 per month.
5.		January		18		Receive cash of $12,600 in rental fees for the current month.
6.		January		23		Purchase office supplies for $2,600 on account.
7.		January		31		Pay employees $7,800 for the first month's salaries.

Prepare the journal entries.