! Required Information Exercise 2-19B Record transactions, post to T-accounts, and prepare a trial balance (L02-4,2-5, 2-6) [The following information applies to the questions displayed below.] 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 10,800 shares of common stock in exchange for $32,000 in cash. 2. January 5 Purchase land for $19,800. 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 $12,898 in rental fees for the current month. 6. January 23 Purchase office supplies for $2,080 on account. 7. January 31 Pay employees $6,000 for the first month's salaries. Exercise 2-19B Part 1 Required: 1. Record each transaction. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Issue 10,000 shares of common stock in exchange for $32,000 in cash. Note: Enter debits before credits. General Journal Debit Credit Transaction January 01 Record entry Clear entry View general journal