Question

can someone please help with the question below?

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 company has the following transactions 1. January 1 Issue 10,000 shares of common stock in exchange for $33,000 in cash. 2. January 5 Purchase land for $19,500. A note payable is signed for the full amount 3. January 9 Purchase storage container equipment for 58, 100 cash. 4. January 12 Hire three employees for $2,100 per month. 5. January 18 Receive cash of $12,100 in rental fees for the current month. 6. January 23 Purchase office supplies for $2,100 on account. 7. January 31 Pay employees $6,300 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. Cash Supplies Beg bal. Beg bal Endhal End bal < Prev 78 of 8 Next >

Answer 1

Answer:

Cash					Supplies
Beg. Bal.					Beg. Bal.
(1)	$33,000	$8,100	(3)		(6)	$2,100
(5)	$12,100	$6,300	(7)
End. Bal.	$30,700				End. Bal.	$2,100
Land					Equipment
Beg. Bal.					Beg. Bal.
(2)	$19,500				(3)	$8,100
End.Bal.	$19,500				End.Bal.	$8,100
Common stock					Accounts payable
Beg. Bal.					Beg. Bal.
		$33,000	(1)				$2,100	(6)
End.Bal.					End.Bal.		$2,100
Notes payable					Service revenue
Beg. Bal.					Beg. Bal.
		$19,500	(2)				$12,100	(5)
End.Bal.		$19,500			End.Bal.		$12,100
Salaries expense
Beg. Bal.
(7)	$6,300
End.Bal.	$6,300

*No entry for transaction (4) because there is no transaction.