Ch 2: The Acct Cycle Saved Check my work mode : This shows what is correct or incorrect for the work you h 10 Part of 8.38 points 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 compa has the following transactions 1. January 1 Issue 10,000 shares of common stock in exchange for $42,000 in cash. 2. January 5 Purchase land for $24,000. A note payable is signed for the full amount. 3. January 9 Purchase storage container equipment for $9,000 cash. 4. January 12 Hire three employees for $3,000 per month. 5. January 18 Receive cash of $13,000 in rental fees for the current month. 6. January 23 Purchase office supplies for $3,000 on account. 7. January 31 Pay esployees $9,000 for the first month's salaries. 3. Prepare a trial balance Answer is complete but not entirely correct. GREEN WAVE COMPANY Trial Balance Accounts Debit Credit Cash $39.000 3 Supplies 3.000 Land 24.000 Equipment 9.000 Accounts Payable 3 000 Notes Payable 24.000 Common Stock 42,000 Service Revenue 15,000 Salaries Expense 9,000 Totals $ 84.000 $ 84.000 OOO OSO w