On July 1, 2016. Lula Plume created a new self storage business, Safe Storage Co. The following tranu actions occurred during the company's first month. ng trans Plume invested $30,000 cash and buildings worth $150,000 in the company in exchange t common stock The company rented equipment by paying $2,000 cash for the first month's (July) rent. The company purchased $2,400 of office supplies for cash. The company paid $7,200 cash for the premium on a 12-month insurance policy, Coverage be gins on July 11. July 1 2 5 10