During the first month of operation, Graham Expeditions recorded the following transactions. Describe what has happened in
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J. D. Rakes, Capital J.D. Rakes, Drawing Income from Tours Cash Accounts Payable Rent Expense (d) 720 (g) 1,000 (a) 5,000 (b) 600 (k) 2,025(c 100 (e) 50 (g) 500 (i) 250 G) 750 (a) 5,000 ) 750 (f) 4,000 (h) 1,015 (b) 600 (k) 2,025 Advertising Expense (c) 100 Accounts Receivable Utilities Expense (i) 250 (h) 1,015 Miscellaneous Expense Supplies (d) 720 (e) 50 Equipment (f) 4000 (g) 1,500
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