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[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

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[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 $28,000 in cash. 2. January 5 Purchase land for $17,000. A note payable is signed for the full amount. 3. January 9 Purchase storage container equipment for $7,600 cash. 4. January 12 Hire three employees for $1,600 per month. 5. January 18 Receive cash of $11,600 in rental fees for the current month. 6 January 23 Purchase office supplies for $1,600 on account. 7. January 31 Pay employees $4,800 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

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