Required Information [The following information applies to the questions displayed below] A 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 $22,000 in cash. 2. January 5 Purchase land for $14,000. A note payable is signed for the full amount. 3. January 9 Purchase storage Container equipment for $7,0eee cash.. 4. January 12 Hire three employees for $1,000 per month. 5. January 18 Receive cash of $11,000 in rental fees for the current month. 9.53 6. January 23 Purchase office supplies for $1,000 on account. 7. January 31 Pay employees $3,000 for the first month's salaries. T Required: 1. Record each transaction. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit V 1 January 01 No Transaction Recorded eferences ' 2 January 05 No Transaction Recorded 3 January 00 No Transaction Recorded i S 4 January 12 No Transaction Recorded 7 January 18 No Transaction Recorded 9 January 23 No Transaction Recorded 7 January 31 No Transaction Recorded Port 12