The first nine transactions of South-West Airplane Repair have been posted to the T-accounts. Provide an explanation for each of the nine transactions. 

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ASSETS (4) Cash (1) 400,000 200,000 (2) (5) (3) 120,000 1,200 (5) (9) 40,000 1,700 (6) 3,900 (7) 5,000 (8) Supplies 1,500 Building (2) 200,000 LIABILITIES Accounts Payable + 1,200 1,500 (4) Notes Payable 120,000 (3) Contributed Capital + Common Stock 400,000 (1) (8) Dividends 5,000 EQUITY Retained Earnings Service Revenue 40,000 - (9) (7) | (7) (6) Rent Expense 1,400 Salaries Expense 2,500 Property Tax Expense 1,700