Question: Q4: 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
Q4: 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. English (United States MacBook Air
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
