Required information [The following information applies to the questions displayed below.] During January. Central Storage Company has the following transactions. 1. January 1 Issue 10,00e shares of common stock in exchange for $39,00e in cash. 2. January 5 Purchase land for $22,50e. A note payable is signed for the full amount. 3. January 9 Purchase storage container equipment for $8,780 cash. 4. January 12 Hire three employees for $2,700 per month. 5. January 18 Receive cash of $12,70e in rental fees for the current month. 6. January 23 Purchase office supplies for $2,780 on account. 7. January 31 Pay enployees $8, 100 for the first month's salaries. 3. Prepare a trial balance. CENTRAL STORAGE COMPANY Trial Balance Accounts Debit Credit Cash Supplies Land Equipment Accounts Payable Notes Payable Common Stock Service Revenue Salaries Expense Totals
Required information [The following information applies to the questions displayed below.] During January. Central Storage Company has the following transactions. 1. January 1 Issue 10,00e shares of common stock in exchange for $39,00e in cash. 2. January 5 Purchase land for $22,50e. A note payable is signed for the full amount. 3. January 9 Purchase storage container equipment for $8,780 cash. 4. January 12 Hire three employees for $2,700 per month. 5. January 18 Receive cash of $12,70e in rental fees for the current month. 6. January 23 Purchase office supplies for $2,780 on account. 7. January 31 Pay enployees $8, 100 for the first month's salaries. 3. Prepare a trial balance. CENTRAL STORAGE COMPANY Trial Balance Accounts Debit Credit Cash Supplies Land Equipment Accounts Payable Notes Payable Common Stock Service Revenue Salaries Expense Totals
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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