Analysis of Journal Entries The following journal entries are from the books of Kara Elizabeth Company:

For each of the journal entries, prepare an explanation of the business event that is being represented.

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a. Buildings 90,000 Cash 35,000 Mortgage Payable. 55,000 b. Cash... 25,000 Capital Stock 25,000 c. Cash. 40,000 Loan Payable 40,000 d. Salary Expense.. 12,000 Cash 12,000 e. Inventory... 12,500 Accounts Payable. 12,500 f. Accounts Receivable 84,000 Sales 84,000 Cost of Goods Sold. 51,000 Inventory.. 51,000 g. Cash 62,000 Accounts Receivable. 62,000 h. Accounts Payable. 38,000 Cash 38,000