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 $$\begin{array} { | l | c | c | c | } \hline & { \text { GENERAL JOURNAL } } && \text { Page 1 } \\\hline \text { Date } & \text { Account Titles \& Explanations } & \text { Debit } & \text { Credit } \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline\end{array}$$

Identify the factors leading to shifts or movements along the PPF such as technological improvements or resource changes.

Interpret the shape of the PPF and what it indicates about opportunity costs (constant, increasing, or decreasing).

Relate the concepts of investment, savings, and economic growth to shifts in the PPF.

Explain how the PPF illustrates the trade-offs between producing different combinations of goods.

---

Definitions:

Phenytoin

An anti-epileptic drug used to control seizures by slowing down impulses in the brain.

Gingival Hyperplasia

An overgrowth of gum tissue around the teeth that can occur due to certain medications, inflammation, or conditions.

Seizures

Sudden, uncontrolled electrical disturbances in the brain that can cause changes in behavior, movements, feelings, and consciousness.

Chronic Obstructive Pulmonary Disease

Chronic Obstructive Pulmonary Disease (COPD) is a group of lung conditions that cause breathing difficulties, including emphysema and chronic bronchitis.