ng transactions. january 1 issue 10,000 shares of common stock in exchange for $33,000 in cash. january 5 purchase land for $19,500. a note payable is signed for the full amount. january 9 purchase storage container equipment for $8,100 cash. january 12 hire three employees for $2,100 per month. january 18 receive cash of $12,100 in rental fees for the current month. january 23 purchase office supplies for $2,100 on account. january 31 pay employees $6,300 for the first month's salaries.