Question
Georges Gardening Service was organized on April 3 when the corporation issued 10,000 shares of capital stock to George Geller in exchange for $40,000 cash.
Georges Gardening Service was organized on April 3 when the corporation issued 10,000 shares of capital stock to George Geller in exchange for $40,000 cash. * On April 8, the business acquired gardening equipment by paying cash of $7,000 and signing a $19,000 note payable, due in four monthly installments of $5,000 each, beginning on April 28. * On April 28, Georges Gardening Service 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. You DO NOT need to calculate the balance in the account just the date and the debit or credit.
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