The following information is from the records of attorney Matt Black. Write a brief explanation of the accounting event represented in each of the general journalentries.

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Debit Credit Date Jan. Feb. 1 Mar 1 Account Titles Cash 40,000 Common Stock 40,000 Accounts Receivable 48,000 Service Revenue 48,000 Cash Prepaid Rent Cash Supplies Salaries Expense Cash 24,000 Service Revenue 24,000 Apr 1 1,600 Cash 1,600 May 10 8,000 Unearned Revenue 8,000 June 30 2,000 Cash 2,000 July 1 Aug. 10 Oct 1 4,000 Cash 4,000 8,800 Accounts Receivable 8,800 Property Tax Expense 3,000 Cash 3,000 Dec Dividends 2,000 Cash Supplies Prepaid Rent 2,000 Dec. 31 Supplies Expense 800 800 31 Rent Expense 4,400 4,400 31 Unearned Revenue 2,240 Service Revenue 2,240