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 $32,000 in cash. 2. January 5 Purchase land for $19,000. A note payable is signed for the full amount. 3. January 9 Purchase storage container equipment for $8,000 cash. 4. January 12 Hire three employees for $2,000 per month 5. January 18 Receive cash of $12,000 in rental fees for the current month. 6. January 23 Purchase office supplies for $2,000 on account 7. January 31 Pay employees $6,000 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 Below are the transactions for Ute Sewing Shop for March, the first month of operations March 1 issue common stock in exchange for cash of $2,100. March 3 Purchase sewing equipment by signing a note with the local bank, $1,800 March 5 Pay rent of $510 for March March 7 Marthe, a customer, places an order for alterations to several dresses Ute estimates that the alterations will cost Martha $710. Martha is not required to pay for the alterations until the work is complete March 12 Purchase sewing supplies for $121 on account. This material will be used to provide services to customers. March 15 Ute delivers altered dresses to Martha and receives 5710 March 19 Ute agrees to alter 10 business sults for Bob, who has lost a significant amount of weight recently. Une receives $610 from Bob and promises the sults to be completed by March 25 March 25 Ute dellvers 10 altered business sults to Bob March 30 Pay utilities of $86 for the current period March 31 Pay dividends of $105 to stockholders Required: 1. Record each transaction (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction lit Journal entry worksheet Issue common stock in exchange for cash of $2,100 Note Enter debits before credit General Journal Babil Credit Datu March 01