Journalize and Post Basic Transactions
Geller Landscaping Was Organized on April

question 110

Essay

Journalize and post basic transactions
Geller Landscaping was organized on April 5 when the corporation issued 20,000 shares of capital stock to Larry Geller in exchange for $60,000 cash.
* On April 8, the business acquired gardening equipment by paying cash of $26,000 and signing a $20,000 note payable, due in four monthly installments of $5,000 each, beginning on April 15.
* On April 15, Larry Geller made the first payment on the note payable by writing a check from the business bank account.
Instructions: Journalize these three transactions and post to the ledger accounts.
$$\begin{array} { | l | c | c | c | } \hline & { \text { GENERAL JOURNAL } } && \text { Page 1 } \\\hline \text { Date } & \text { Account Titles \& Explanations } & \text { Debit } & \text { Credit } \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline\end{array}$$

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Definitions:

Racial Stereotypes

Oversimplified and generalized beliefs about the characteristics, attributes, and behaviors of members of a particular racial group.

Scapegoat Theory

A social psychological theory suggesting that individuals or groups are unfairly blamed for problems or negative events as a means of deflecting attention or responsibility from the actual causes.

Scapegoating

The practice of unfairly blaming a person or group for problems, often as a way of distracting from the real issues.

Puzzle

A problem or game that tests ingenuity, knowledge, or skill and often requires a solution or answer.