Journalize and post basic transactions
Precision Grading Co. was organized to grade construction sites.
* On June 1, owner Dave Precision deposited $90,000 in a new bank account opened in the name of the business in exchange for stock.
* On June 3, the company acquired grading equipment costing $89,000, paying $43,000 cash and signing a note payable for the balance.
* On June 10, the company paid $13,000 of the amount owed for equipment acquired on June 3.
Instructions: Journalize these three transactions and post to the ledger accounts.
Definitions:
Self-Esteem
An individual's overall subjective emotional evaluation of their own worth; it is a judgment of oneself as well as an attitude toward the self.
Cognitive Schemata
Mental structures that hold an individual's knowledge, beliefs, and expectations about the world, guiding information processing and behavior.
Learning History
A record of an individual’s experiences that impact how they respond or adapt to similar future situations.
Etiology
The study of the causes or origins of diseases or conditions.
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