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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 $35,000 in cash. 2. January 5 Purchase land for $20,500. A note payable is signed for the full amount. 3. January 9 Purchase storage container equipment for $8,300 cash. 4. January 12 Hire three employees for $2,300 per month. 5. January 18 Receive cash of $12,300 in rental fee for the current month. 6. January 23 Purchase office supplies for $2,300 on account. 7. January 31 Pay employees $6,900 for the first month's salaries. Requirement General Journal General Ledger Trial Balance Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 Issue 10,000 shares of common stock in exchange for $35,000 in cash, Note: Enter debits before credits Bearcat Construction begins operations in March and has the following transactions March 1 Issue common stock for $13,500. March 5 Obtain $7,500 loan from the bank by signing a note. March 10 Purchase construction equipment for $17.500 cash. March 15 Purchase advertising for the current month for $1,000 cash. March 22 provide construction services for $16,500 on account. March 27 Receive $11.500 cash on account from March 22 services. March 28 Pay salaries for the current month of $4,500. Required: Record each transaction. Bearcat uses the following accounts: Cash, Accounts Receivable, Equipment, Notes Payable, Common Stock. Service Revenue, Advertising Expense, and Salaries Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Issue common stock for $13,500. Note: Enter debits before credits Date General Journal Debit Credit

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