Journalize and Post Basic Transactions
Geller Landscaping Was Organized on April

question 65

Essay

Journalize and post basic transactions
Geller Landscaping was organized on April 5 when the corporation issued 20,000 shares of share capital 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:

Transporter Proteins

Proteins that move molecules across cell membranes, playing critical roles in nutrient uptake, neurotransmitter clearance, and waste removal.

Presynaptic Axon

The part of an axon that is situated at the presynaptic side of a synapse, responsible for releasing neurotransmitters.

Neurotransmitter

A chemical substance that transmits signals across a synapse from one neuron to another in the brain and nervous system.

Reuptake

Inactivation of a neurotransmitter when membrane transporter proteins bring the transmitter back into the presynaptic axon terminal for reuse.