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Urgent! Need Help Record each transaction as listed above in the general journal tab A company plans to own and operate a storage rental facility.
Urgent! Need Help
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 $25,000 in cash. 2. January 5 Purchase land for $15,500. A note payable is signed for the full amount. 3. January 9 Purchase storage container equipment for $7,300 cash. 4. January 12 Hire three employees for $1,300 per month. 5. January 18 Receive cash of $11,300 in rental fees for the current month. 6. January 23 Purchase office supplies for $1,300 on account. 7. January 31 Pay employees $3,900 for the first month's salaries. Requirement General Journal General Ledger Trial Balance Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 7). Review the "General Ledger' and the Trial Balance' tabs to see the effect of the transactions on the account balances. Rent General Journal > Record each transaction as listed above in the "general journal tab"
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