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Journalize and Post Basic Transactions

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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. 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.    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:

Ventricles

The two lower chambers of the heart that receive blood from the atria and pump it into the arteries.

Fluid Retention

The accumulation of excess fluid in the body's tissues, causing swelling commonly known as edema.

Swelling

The enlargement of a body part due to the accumulation of fluid in tissues, often as a response to injury or inflammation.

Aorta

The largest artery in the body, transporting oxygen-rich blood from the left ventricle of the heart to various parts of the body.

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