For each of the following journal entries, write a description of the underlyingevent. . Cash 300 Accounts

For each of the following journal entries, write a description of the underlyingevent.

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. Cash 300 Accounts Recelvable .. 300 2. Accounts Payable .. 400 Inventory .. 400 3. Cash , 5,000 Loan Payable 5,000 4. Cash 200 700 Accounts Recelvable 900 550 200 250 1.000 50 150 Sales Cost of Goods Sold . A nventory Cash Dividends Payable.... Dividends 550 200 250 5. Prepald insurance.... 6. Dividends 1,000 50 4 600 Prepaid Insurance Cash Accounts Payable Accounts Receivable. Interest Payable . 9. Inventory.. 450 0. Allowance for Bad Debts. 46 46 I Interest Expense 12. Wages Payable Cash 3. Accounts Payable 125 125 130 75 Wages Expense -.... 205 500 490 10 Cash Purchase Discounts ····