The Following Transactions Have Been Journalized and Posted to the Proper

question 118

Essay

The following transactions have been journalized and posted to the proper accounts.Prepare a trial balance in good form.
a.Edward Wilson invested $8,000 cash in his new landscaping business.
b.The business paid the first month's rent with $300 cash.
c.The business purchased equipment by paying $2,000 cash and executing a note payable for $3,000.
d.The business purchased supplies for $200 cash.
e.The business billed clients for a total of $1,000 for design services rendered.
f.The business received $750 cash from clients for services rendered above.
g.The owner took a withdrawal of $2,000.
$$\begin{array} { | l | l | l | } \hline \text { Account Title } & \text { Debit } & \text { Credit } \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}$$

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Definitions:

Organizational Change

The process by which organizations transform their structure, strategy, policies, procedures, or culture to adapt to internal and external pressures.

Refreezing

In change management, it refers to the phase where new behaviors or practices are solidified into the organization's culture after a change has been implemented.

Symbolic Changes

Modifications or shifts that are more representational than functional, often aimed at signaling new directions or values.

Task Force

A temporary group of people formed to accomplish a specific objective, often with a deadline.