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 $42,000 in cash.
2. January 5: Purchase land for $24,000. A note payable is signed for the full amount.
3. January 9: Purchase storage container equipment for $9,000 cash.
4. January 12: Hire three employees for $3,000 per month.
5. January 18: Receive cash of $13,000 in rental fees for the current month.
6. January 23: Purchase office supplies for $3,000 on account.
7. January 31: Pay employees $9,000 for the first month's salaries.
Record each transaction, 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. Prepare a trial balance.