Required information [The following information applies to the questions displayed below.] 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 $26,000 in cash. 2. January 5 Purchase land for $16,000. A note payable is signed for the full amount. 3. January 9 Purchase storage container equipment for $7,400 cash. 4. January 12 Hire three employees for $1,400 per month. 5. January 18 Receive cash of $11,400 in rental fees for the current month. 6. January 23 Purchase office supplies for $1,400 on account. 7. January 31 Pay employees $4,200 for the first month's salaries. Beg bal (1) (5) Cash 0 28,000 10,000 Beg bal (6) Supplies 0 1.400 lolo 7.400 (3) 7.400 (7) > End bal. 1,400 End. bal 37,000 X Beg bal (2) Land 0 16,000 Beg bal (3) Equipment 0 7.400 o End. bal. 16,000 End. bal. 7,400 Common Stock Beg bal. Beg bal (6) Accounts Payable 0 1.400 28.000 $ End. bal. 28.000 End. bal. 1.400 Service Revenue Beg bal Notes Payable 0 16,000 Beg bal X (5) X 114.000 End. bal. 16,000 End. bal 114,000 Beg bal (7) Salaries Expense 0 4.200 OO End. bal. 4,200