[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 $37,000 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 $12,500 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.

Cash					Supplies
Beg. bal.					Beg. bal.
(1)		8,500	(3)
					End. bal.
End. bal.
Land					Equipment
Beg. bal.					Beg. bal.