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 $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. 3. Prepare a trial balance. Credit GREEN WAVE COMPANY Trial Balance Accounts Debit Cash Supplies Land Equipment Accounts Payable Notes Payable Common Stock Service Revenue Salaries Expense Totals $ 0 $ 0 Below is a list of activities for Vikings Incorporated. Required: For each activity, indicate the impact on the accounting equation. After doing all the transactions, ensure that the accounting equation remains in balance. The first item is provided as an example. (Decreases to account classifications should be entered as a negative.) Assets Liabilities + Stockholders Equity $ 15,000 $ 15,000 $ 0 Transaction 1. Issue common stock in exchange for cash, $15,000. 2. Obtain a loan from the bank for $9,000 3. Receive cash of $1,200 in advance from customers. 4. Purchase supplies on account, $2,400 5. Pay one year of rent in advance, $12,000 6. Provide services to customers on account, $3,000. 7. Repay $4,000 of the loan in (2) above. 8. Pay the full amount for supplies purchased in (4) above. 9. Provide services to customers in (3) above. 10. Pay cash dividends of $1,000 to stockholders. Totals