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ok int 3 Required Information [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 10,000 shares of common stock in exchange for $30,000 in cash. 2. January 5 Purchase land for $18,000. A note payable is signed for the full amount. 3. January 9 Purchase storage container equipment for $7,800 cash. 4. January 12 Hire three employees for $1,800 per month. 5. January 18 Receive cash of $11,800 in rental fees for the current month. 6. January 23 Purchase office supplies for $1,800 on account. 7. January 31 Pay employees $5,400 for the first month's salaries. 2. Post each transaction to T-accounts and calculate the ending balance for each account. For each posting, indicate the corresponding transaction number and the appropriate transaction amount. Since this is the first month of operations, all T-accounts have a beginning balance of zero. rint Beg. bal erences End. bal. Beg. bal End. bal. Cash Supplies Beg bal. 7,800 (3) End. bal. Land Equipment Beg bal End. bal. End. bal. Land Beg. bal. End. bal. Beg. bal. Equipment End. bal. Common Stock Accounts Payable Beg. bal. Beg. bal. End. bal. End. bal. Notes Payable Service Revenue Beg. bal. Beg. bal. End. bal. Salaries Expense Beg. bal. End. bal. End. bal

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