Answer:
Transactions,
1. January 1 Issue 10,000 shares of common stock in exchange for $39,000 in cash.
Dr.Cash 39,000
Cr.Share Capital 39,000
2. January 5 Purchase land for $22,500. A note payable is signed for the full amount.
Dr.Land 22,500
Cr.Note Payable 22,500
3. January 9 Purchase storage container equipment for $8,700 cash.
Dr.Storage Container 8,700
Cr.Cash 8,700
4. January 12 Hire three employees for $2,700 per month.
No Transaction
5. January 18 Receive cash of $12,700 in rental fees for the current month.
Dr.Cash 12,700
Cr.Rental fee Income 12,700
6. January 23 Purchase office supplies for $2,700 on account.
Dr.Office Supplies 2,700
Cr.Account Payable 2,700
7. January 31 Pay employees $8,100 for the first month's salaries.
Dr.Salary Expense 8,100
Cr.Cash 8,100
T-accounts, and Trial balance
A file of MS Excel is attached in which T accounts and Trial balance has been prepared in separate worksheets. Please find the File