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. 
Definitions:
Social Stratification
The hierarchical arrangement of individuals or groups in society based on wealth, power, prestige, or other status indicators.
Kingsley Davis
A prominent American sociologist and demographer known for his theories on population and societal development.
Universal
pertains to something that is applicable everywhere or in all cases; a concept, condition, or idea that is globally accepted.
Functionally Necessary
Pertains to elements or processes essential for the operation or survival of a system.
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