Journalize and Post Basic Transactions

question 85

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.

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Definitions:

Physical Factors

Elements in the environment that can affect physical health and well-being, such as climate, pollution, and geography.

Presentation Software

Computer programs used to create and deliver visual and audio presentations to an audience.

Pitfalls

Common mistakes or traps that people may encounter in a particular situation or activity.

Attire

Clothing or outfit, especially when regarded as distinctive, fashionable, or appropriate for a specific occasion.