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Required information [The following information applies to the questions displayed below.) During January, Central Storage Company has the following transactions, 1. January 1 Issue 10,eee

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Required information [The following information applies to the questions displayed below.) During January, Central Storage Company has the following transactions, 1. January 1 Issue 10,eee shares of common stock in exchange for $37,eee in cash. 2. January 5 Purchase land for $21,500. A note payable is signed for the full amount. 3. January 9 Purchase storage container equipment for $8,500 cash. 4. January 12 Hire three employees for $2,500 per month 5. January 18 Receive cash of $12,5ee in rental fees for the current month. 6. January 23 Purchase office supplies for $2,500 on account. 7. January 31 Pay employees $7,500 for the first month's salaries. 3. Prepare a trial balance. 3. Prepare a trial balance. Credit CENTRAL STORAGE COMPANY Trial Balance Accounts Debit Cash Supplies Land Equipment Accounts Payable Notes Payable Common Stock Service Revenue Salaries Expense Totals

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