Question: What do I type for January 12th second box? Required information [The following information applies to the questions displayed below.] Part 1 of 3 A

 What do I type for January 12th second box? Required information

What do I type for January 12th second box?

Required information [The following information applies to the questions displayed below.] Part 1 of 3 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 $31,eee in cash. 2. January 5 Purchase land for $18, see. A note payable is signed for the full amount. 3. January 9 Purchase storage container equipment for $7,900 cash. 4. January 12 Hire three employees for $1,900 per month 5. January 18 Receive cash of $11,900 in rental fees for the current month. 6. January 23 Purchase office supplies for $1,900 on account. 7. January 31 Pay employees $5,789 for the first month's salaries. eBook Hint Print 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 $31,000 in cash. Note: Enter debits before credits. : Transaction General Journal Debit Credit January 01 Cash 31,000 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 View journal entry worksheet General Journal Credit No 1 Transaction January 01 Debit 31,000 Cash Common Stock 31,000 2 January 05 18,500 Land Notes Payable 18,500 3 January 09 7,900 Equipment Cash 7.900 4 January 12 No Journal Entry Required Salaries Payable 5 January 18 11,900 Cash Service Revenue 11,900 6 January 23 1,900 Supplies Accounts Payable 1,900 7 January 31 5,700 Salaries Expense Cash 5,700

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